Maury
Carpal \'Tunnel
Reged: 06/02/04
Posts: 8146
Loc: This Asylum --->
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Different courts have different rules. Back in the day, when a bail was set, a bondsman pledged to pay the money if the defendant failed to appear. The fee for that pledge was usually around a 10% payment of the bail to the bondsman.
Many state courts wised up and decided that they would set a bail bond or, in the alternative, release on cash which they set at 10% of the bond, thus screwing the bondsman.
Some states, like Wisconsin, have only cash bail, which means there are no bondsmen.
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gr8Dad
Carpal \'Tunnel
Reged: 06/07/04
Posts: 30195
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"---> Where are you coming up with this bail bondsman crap?
---> First of all, in accordance with Florida law, Zimmerman is ONLY required to post 10% cash WITH the courts...he doesn't need a bail bondsman if he has the money. And so long as he shows up, he'll get all but 3% of it back which is the court's cost of the surety bond."
I am sorry, but you are mistaken.
[censored]://abcnews.go.com/US/wireStory/zimmerman-released-bail-stricter-terms-16731127
"Zimmerman had to pay a bond company $100,000 but also needed $1 million in collateral to secure the bail, his legal team said."
"---> Second, bail bondsman don't put up squat..."
Put up the money, file a surety bond, promise to pay, whatever, its a sematics game.
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Why give a "senior" discount, they have had plenty of time to raise the money...
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Gecko
Carpal \'Tunnel
Reged: 06/01/04
Posts: 19801
Loc: Third rock from the sun
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I am sorry, but you are mistaken.
---> Apology is not needed since I'm not. That the Judge imposed stricter terms does NOT negate the information I provided.
Put up the money, file a surety bond, promise to pay, whatever, its a sematics game.
---> "Semantics"?!? This from someone who made such a big deal earlier about the difference between a 'fine' and a 'penalty'?
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If you air your dirty linen in public, expect people to comment on the skid marks!
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Gecko
Carpal \'Tunnel
Reged: 06/01/04
Posts: 19801
Loc: Third rock from the sun
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Different courts have different rules.
---> I know hon, which is why I checked on what Florida's law was with regard to this matter.
Many state courts wised up and decided that they would set a bail bond or, in the alternative, release on cash which they set at 10% of the bond, thus screwing the bondsman.
---> Can't say as I blame them. One article I ran across said that when a bondsman is used and the Defendant flees, the State only collects a portion of the bond...sometimes as little as 5%; so oftentimes the bondsman makes more than the State because they are getting their fee up front. But I would think that would depend on the bondsman's insurance premiums.
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If you air your dirty linen in public, expect people to comment on the skid marks!
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