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That sounds like you just lowered the bail, in which case the defendant would probably just pay $1K for someone to borrow the $10K. How can credit and cash be d
by Raphael 16y ago
That sounds like you just lowered the bail, in which case the defendant would probably just pay $1K for someone to borrow the $10K. How can credit and cash be distinguished anyway?
- davidw 16y agoI think it should read 'pay 100K to the court', which you get back.
- JimmyL 16y agoBondsmen don't generally put up the cash directly for a bond, instead they have a standing deal with the courts they work that guarantees that they will pay if someone skips bail (which is backed by the local line-of-credit; I should have been clearer about that). Thus, it's pretty clear who's paying for the bond. If someone walks in with a bunch of cash or a cheque then they're probably doing it themselves (or they've committed some other crime by getting money from an unlicensed lender), if a bond agent walks in and says "he's with us", then it's with them. On paper, it's lowering the bail. In practice, the amount the person is paying has stayed the same, as have the incentives.