Bail bond, also known as "surety bond" in legal vocabulary and layman's term, is a form of property pledged or deposited to a court to persuade it to release a suspect from jail, on the understanding or agreement that the suspect will return for trial or the bail will be forfeited and possibly be brought up on charges of the crime if failed to appear in court. In some cases bail bond can be returned at the end of the trial and that is if all court appearances are made, even if the person is found guilty or not guilty of the crime he was accused of. Any deviation on the half of the defendant to appear in the court when the bail will lead towards full expense of the bail amount by the bailer. There are a lot of qualified bail agents, who will help an accused during this regard.
Most bail bond or surety bond premiums are 10 to 15% of the full bail money. For example, if the full bail amount is $10,000.00, the premium or fee for the bail bond is $1,000.00. These fees were established by the surety companies and regulated by the Department of Insurance.
In Orlando, Florida, like most states, the cost of a bail bond is set by law. Always keep in mind that these rates are non-negotiable and there should not be any hidden fees or taxes with the bail bond company that you use. The great thing about this is that it makes it easy for the consumers because as a consumer shopping for a bail bond, you do not need to call 10 different bail bond companies and get 10 different rates. Legally, it would have the same rate.
Sample cost breakdown for a $10,000 bond:
Federal Courts is 15% of the bond amount, Immigration Bond 20% of the bond amount, State Courts anywhere between 10% and 15% of the bond amount, depending on the state where the crime was committed.
Basically it depends, the harsher the crime, the higher the bail. Well in fact, in most instances, in towns or states there is a term known as "bail schedule", which assigns a bail amount or money depending on the offense. For example in Orlando, Florida, the bail for sexual assault or perjury could be as high as $25,000, $100,000 for manslaughter, and a huge amount of $1,000,000 for kidnapping with the intent to rape. As you can see, bail is not cheap. Judges do not necessarily have to abide by a bail schedule, however, a judge may raise or lower an individual's bail or if it is a petty crime, waive the bail and release an accused under your own recognizance.