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After an arrest, the court will set a bail amount, which varies based on the charges and other contributing factors. This is done as a way of making sure that the defendant appears at the scheduled court date following his or her release from jail.
After bail is set, the first thing to do is to contact Cusetown Bail Bonds for a free initial bail consultation. We'll will put our expertise and experience to work for you immediately.
We then work with you or your loved one and the jail to secure release by issuing a bond in the full amount of the bail set by the court. Depending on the circumstances, collateral or a co-signer may be required.
Standard Premium Rate
You should know that the rule of thumb for bond rates is around 10% of the bond, NY State up to $3,000 is 0%, $3,000 - $10,000 is 8% and over $10,000 is 6%. This is the premium cost for the bond. This is the bail bondman's commission.
YOU DO NOT GET THE PREMIUM COST OF THE BOND BACK!.
Collateral or security deposit, which you get back at the end of the case, also sometimes needs to be posted. This can be a home, condominium, land and of course cash. Remember that as long as the conditions of the bond are met, and the case is over, the collateral is returned beck to the depositor.