A cash only “bail” means that bail can not be bonded. In other words, the Judge has requires that you pay the full amount of the bail directly to the court in cash rather than paying only a fraction to a bondsman.
Let’s say the judge sets your bail at $1,000 bond-able. In theory, you can run to a bail bondsman and only pay around 10% of that (which is $100) and the bondsman will sign a contract with the jail saying they will make sure the defendant appears or they will pay the remaining balance. This works most of the time.
What doescash-only bail mean?
Now let’s say the judge sets your bail at $1,000 Cash Only. It means the judge does not trust you if you used a bail bondsman to set bail, and doesn’t want the bondsman to sign a contract for this one. They want you to pay the total amount up-front to the court. Usually, this is an effort to make it more difficult for someone to be bailed out. Here is the short answer. Cash only bail is when the judge requires you to pay the full bail amount to the court using cash, instead of only paying a fraction to the bondsman. So, in other words, this means that the bail can’t be bonded.
When someone is going to court for a mild or severe case, people often wonder: What is a cash bond? Where does bail money go? How long does it take to get bond money back? What is cash only bail?
An example of this is if your judge sets bail at $10,000. When this happens, you must pay the full ten thousand upfront to the court.
Why some people only have to pay 10% of bail
When a person is only required to pay 10% of their bail amount it is usually because the judge feels like it will be enough to make sure they show up to their court proceedings. However the defendant knows that if they do not show up to their court date the bond will be forfeited and they will have to pay the full bail amount to the court without the promise of it being returned.
If you do show up to court and you pay the entire amount, you will get it back when the case has completed. However, a portion of that payment will be used to pay off court fees and may not be returned.
If you have a choice to only pay 10%, the bondsman can make up for it, but you won’t get it back. If the court requires $10,000, then the insurance company may charge a 10% premium.
The court holds bail money until the case is resolved/closed. After the case is closed or resolved, the money either goes back to the original owner if they showed up to all court proceedings or the money is forfeited and distributed among law enforcement and courts.
What is a cash bond?
A cash bond and bail bond are mixed up quite often. However, these two are very different. Cash bonds are simply a type of bail bond. A cash bond is a cash bail that is not financed through a bail agent and requires the full bail amount. The court will hold onto your case until it’s closed. Once it is closed, the bail will be returned to you.
Personal bonding is when the judge would set the bail for the crime that’s committed. The individual would pay the bail with their own money or contact a bond company like Sportsmans Bail Bonds. But where does bail money go after it is paid? In some cases, it would go back to the original owner.
What does secured bond mean
There are two types of bonds: Secured and Unsecured bonds. So what does secured bond mean? A secured bond is a bond that is secured by the issuer's pledge of a specific asset. When a bond is secured, you pay money or property to secure your release. An unsecured bond is when you sign a document that says you will pay a certain amount of money to the defendant if he/she breaks their bond conditions.
A property bond posts the value of the real estate to obtain a pre-trial release from the jail. And if the defendant doesn't appear in court, the court may take the property. Sometimes, the number of property bonds may be twice as high as a bail bond to be accepted.
How long does it take to get bond money back?
Remember that it can take as long as two weeks for the court to receive your cash bond if it is posted in jail. When the case is closed, you will get your money back or in as little as two weeks after the court has received it. At other times, you would get it back in 3-4 weeks when it's by mail. If it takes any longer than six weeks, you need to call the court and see what's happening. In these times, it could be that the judge has denied your bail.
Thank you for reading this article. Biggest hopes that it helped you know more about the Cash Only Bail. If you have a family member or loved in jail and need help requesting a bail bond, Sportsman Bail Bonds is the place for you, call 801-623-6877 or contact us online for more details.