Like most states, bail bonds, or surety bonds in Indiana are regulated by the Department of Insurance. The fee to post a bond through a licensed bail bond agent (bail bondsman) is 10% of the full amount of the bail set by the judge (court) based on a variety of considerations, which include, but are not limited to:
Typically, bail will be set after the booking process has been completed and the defendant appears before the judge in a hearing, which usually takes place 48 hours after the arrest. At this time, taking all the pertinent information gathered about the offender into consideration, the judge will set bail based on the current offense, the overall background of the defendant, and if they believe the defendant might be a flight risk.
At the time of the arrest, it is highly suggested that you, the offender, or a family member or close friend, contact a reputable bail bondsman in Indiana to discuss the bail process and to track the defendant’s booking process to determine the amount of bail needed to get the defendant released from jail.
First, working with a bail bondsman is an affordable way to post a bail bond. The Indemnitor, or co-signer, will only be required to put up 10% of the full amount of the bond, which is NOT-REFUNDABLE. For example, if the bail set is $35,000, the co-signer will only need to put up $3,500 in cash or with a credit card. Second, the services of a bail bondsman are designed to make the bail process less stressful for everyone involved and to help keep track of the defendant’s case and court appearances. Finally, everything can be handled over the phone, and via fax or email, so you never have to leave your home or work to take care of this transaction. And your case will always be handled in a discreet manner with your privacy a top priority.
As a co-signer, or Indemnitor, you are financially responsible for putting up the initial 10% of the bail amount so the bail bondsman can actually go to the jail to post the bond, and you are also guaranteeing that the defendant will appear in court on all scheduled dates. However, you are also responsible for producing proof of funds, or collateral of equal or higher value than the full amount of the bail set by the court, to assure the surety that if, and only if, the defendant fails to appear in court, you can and will pay the full amount of the bond, along with any other court fees incurred or required. Examples of “proof of funds” would be by depositing the full amount in cash into a separate account, or provide proof of securities equal in value to the amount of the bail bond, or by posting a real estate bond, which uses your house as collateral should the defendant fail to appear and the full amount of the bond need to be paid to the court.