Hey there! Check out this exciting topic: Surety Bonds Vs. Cash Bonds! Indiana Bail Bonds!
Location # 1
Smith American Bail Bonds
8902 Otis Avenue Suite 123A
Indianapolis, IN, 46216
Location # 2
Smith American Bail Bonds
55 S State Avenue, Suite 355
Indianapolis, IN, 46201
24-Hour Bail Bonding Services
Surety Bonds Vs. Cash Bonds
This article will discuss the differences between Surety Bonds Vs. Cash Bonds and Why Surety Bonds Vs. Cash bonds are different, and that is why surety bonds are better.
Surety Bond - Surety Bond. Surety bonds are 10 or 8 percent of the total bond ordered in a case and must be posted with a licensed bail agent. The bondsman then posts bail with the court on your behalf. This type of bond is not refundable. Example: Judge Jill orders a $1,000 surety bond.
Cash Bonds - How does a cash bond work in Indiana?
A bond allows an arrested person (defendant) to be released from jail until his or her case is completed. A $5.00 Death Benefit Fee is added to all bond payments. For example, if you have a $500 cash bond, you will pay $500 plus the $5.00 benefit fee for a total of $505.
Indemnitor—An indemnitor, also called a guarantor, is a person or group of people agreeing to cosign for a defendant's bail bond through a company that offers bail bonds, such as an underwriter or agent. The process of cosigning on a bond is referred to as indemnification.
In the state of Indiana, when you have been notified that your loved one or friend has been incarcerated, panic and frustration seem to be the first feelings or reactions. However, you don’t have to worry because Smith American Bail Bonds, Indiana's most reputable bail bond agency, will see you through the whole surety bail bonding process. When someone has been incarcerated, and the Judge has set a Surety Bond, we have listed the process and steps below.
Step1: Judge Sets Surety Bonds
Step 2: Contact Smith American Bail Bonds at 317-531-5447
Step 3: Once you have contacted Smith American Bail Bonds, they will advise you that the Indemnitor, also known as the individuals who will be paying the surety bond, must be 18 years or older and must be a United States Citizen. If you are not a US Citizen, then you will be required to have a co-signer who is a US citizen and over the age of 18 years. The definition of Indemnitor is listed above.
Step 4: Smith American Bail Bonds will also require the defendant, the incarcerated individual's name, to verify his or her charges and bond amounts. Smith American Bail Bonds will verify all necessary information over the phone.
Step 5: Once Steps 1 – 4 have been completed, Smith American Bail Bonds advises you to come to one of the two locations, and they must post the surety bond. Before you go to the Smith American Bail Bond location, they will also allow you to pay the surety bond through their online process, eliminating the need to travel. Smith American Bail Bonds will also advise you if you can spend 8% on the surety bond.
Step 6: Once you have arrived at Smith American Bail Bonds, you must fill out confidential paperwork and an indemnity agreement. An Indemnity agreement means that you are liable for
The whole surety bond amount if the defendant fails to appear in court. You must also ensure that the defendant will appear at all his court dates. Some bonds require collateral. If you must pay collateral, remember that you still must pay 8% or 10% of the surety bond. Smith American Bail Bonds only takes collateral if the surety bond the judge sets is extremely high and the defendant poses a flight risk. If Smith American Bail Bonds take collateral, the property must be worth the bond's face value. If the bond is $80,000.00, the property needs to be appraised between $70,000.00 and 80,000.00
Step 7: Once you have met the bail agent at Smith American Bail Bonds, all required documents are completed, and the bond amount has been paid, the bail agent at Smith American Bail Bonds will post the bond in the county jail the defendant resides in so they can be released. Once the defendant is released, he or she will need to contact Smith American Bail Bonds within 48 hours from release so he or she can fill out his or her defendant application. The defendant will also be required to check in by phone every Friday.
Surety Bonds Vs. Cash Bonds – Surety Bonds are better than cash bonds. Surety Bail is better because most bail bonding agencies in Indiana do 8% bail bonding, like Smith American Bail Bonds. 8% bail bonds are better because you are not required to pay the face value of the surety bond. 8% surety bail is better for individuals and families with financial strain. 8% surety bail is more affordable and cheaper. Cash Bonds mean you must pay the court directly the total amount of the cash bond.
Surety Bail Bonding Service Counties
Adams County, IN
Allen County, IN
Bartholomew County, IN
Benton County, IN
Blackford County, IN
Boone County, IN
Brown County, IN
Carroll County, IN
Cass County, IN
Clark County, IN
Clay County, IN
Clinton County, IN
Crawford County, IN
Daviess County, IN
Dearborn County, IN
Decatur County, IN
DeKalb County, IN
Delaware County, IN
Dubois County, IN
Elkhart County, IN
Fayette County, IN
Floyd County, IN
Fountain County, IN
Franklin County, IN
Fulton County, IN
Gibson County, IN
Grant County, IN
Greene County, IN
Hamilton County, IN
Hancock County, IN
Harrison County, IN
Hendricks County, IN
Henry County, IN
Howard County, IN
Huntington County, IN
Jackson County, IN
Jasper County, IN
Jay County, IN
Jefferson County, IN
Jennings County, IN
Johnson County, IN
Knox County, IN
Kosciusko County, IN
LaGrange County, IN
Lake County, IN
LaPorte County, IN
Lawrence County, IN
Madison County, IN
Marion County, IN
Marshall County, IN
Martin County, IN
Miami County, IN
Monroe County, IN
Montgomery County, IN
Morgan County, IN
Newton County, IN
Noble County, IN
Ohio County, IN
Orange County, IN
Owen County, IN
Parke County, IN
Perry County, IN
Pike County, IN
Porter County, IN
Posey County, IN
Pulaski County, IN
Putnam County, IN
Randolph County, IN
Ripley County, IN
Rush County, IN
Saint Joseph County, IN
Scott County, IN
Shelby County, IN
Spencer County, IN
Starke County, IN
Steuben County, IN
Sullivan County, IN
Switzerland County, IN
Tippecanoe County, IN
Tipton County, IN
Union County, IN
Vanderburgh County, IN
Vermillion County, IN
Vigo County, IN
Wabash County, IN
Warren County, IN
Warrick County, IN
Washington County, IN
Wayne County, IN
Wells County, IN
White County, IN
Whitley County, IN
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