Add Watermark To Legal Arkansas Bonds Forms For Free

Upon being released, the defendant, a relative or a friend of the family typically contacts a bail agent to arrange for the posting of bail. Prior to the posting of a bail bond, the defendant or a co-signer must guarantee that they will pay the full amount of bail if the defendant does not appear in court.

A secured bond is the only type of bond that will require full payment. With a secured bond, the defendant will give a signed document of a security interest to an asset that is worth the total amount of the bail.

In the case of a cash bond either the person arrested or a friend or family member pay the full bond amount in cash. If the defendant shows up for their court date the court returns the full cash amount. No one loses any money. A surety bond has more parties involved and is a little more complicated.

How does bail bonds work in Arkansas? A judge will set the defendant's bail. An Arkansas bailbond agent will post the bond once the 10 percent premium is paid. State charges are also collected at this time.

In Arkansas, to become a licensed bail bond agent you will need an appointment from a licensed bail bond company, i.e. you need to find an existing company that will hire you. After that, you will need to take the eight (8) hour Bail Bond Agent Pre-licensing course.

Arkansas Law requires bail bond companies to charge and collect a ten percent premium on all bonds. It also provides there will be a $50.00 minimum on premium for any bond of $500.00 or less. The law also requires certain fees to be collected with every bond posted.