This is a Signature Bond, to be used in the State of Wisconsin. This form is used as a guarantee posted with the Court, by various individuals (called "principals") to guarantee the lawful performance of their duties.
This is a Signature Bond, to be used in the State of Wisconsin. This form is used as a guarantee posted with the Court, by various individuals (called "principals") to guarantee the lawful performance of their duties.
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A signature bond, also known as a personal recognizance bond, allows you to leave the courthouse without posting any money. Instead, you are basically entering into a contract with the State of Wisconsin and the County charging you, saying you will follow the terms and conditions on the contract.
The biggest difference between a surety and cash bond is that a surety bond involves three parties, while a cash bond involves only two parties. Consider a bail bond of $10,000 as an example. With a cash bail bond, the defendant or one of his family members pays the entire $10,000 in cash to the court or jail.
The signature bond or recognizance bond (R.O.R.) requires the defendant to sign a promise to return to the court for trial, with the possibility of the entry of a monetary judgment against him if he fails to do so, but does not require a deposit of any cash or property with the court.
A ten-percent bond permits the detained individual to pay ten percent of the full bail amount before his release. With the surety bond, a bail bondsman, approved by the court, guarantees the return of the arrestee on his court date.
If the commissioner sets a $500 signature bond, the arrested person can simply sign the bail form and by signing the bail form the arrested person is promising to pay $500 if he or she violates the conditions of bail.