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Beware: Rebating Bail Bonds Is Illegal

Last updated 4 years ago

If you have a loved one in jail, you are likely looking for the most affordable way to bond him or her out of jail. However, you should beware: Some New Jersey bond companies discount their bonds to illegally low rates! This allows suspected fugitives to walk the streets without having met the legal minimums for their bail
 
  • How Bonding Works
Pricing out your competition may seem like the free market at work, but it is illegal when it comes to bail bonds. According to New Jersey law, the standard cost for a bail bond is 10% of the total bail amount set by the judge. For a $50,000 bail, the relative or friend of the detained would have to pay $5,000 in addition to any bail bondsman fees. This amount is an insurance premium that the bond company subsequently files with the New Jersey Department of Banking and Insurance. 
 
  • Why Legal Bonding Matters
Don’t settle for an illegally rebated bail bond! The New Jersey bail rate is 10%, and the relative or friend obtaining a bail bond should be able to provide 10% of the court-ordered bail to the bail agent. In return, the bondsman guarantees to the judge that the defendant will appear in court for his hearing, trial, or testimony. Choosing a licensed bond company and paying the requisite 10% will ensure that your loved one will not be negatively affected by the legality of the bail process. 
 
If you or a loved one is in need of bail, contact the licensed professionals at 24 Seven Bail Bonds. We will come to your aid no matter what time of the day or night. Our bonds are legal and available for all New Jersey courts, so call us at (732) 418-2245 today. 

 

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