DOWNEY BAIL COST AND FEES
Most bail bond companies, including Downey Bail Bonds, are regulated by the California Department of Insurance. This government organization has set the standardized fee, or “premium,” a Downey bail bondsman can charge at 10%, meaning that if a defendant’s bail is set at $5,000, the cost of a Downey Bail bond company’s premium is required, by law, to be no more and no less than $500. The Department of Insurance makes certain exceptions in the case senior citizens, active members of the United States military, union members, and defendants that have secured legal representation—for these individuals, a Downey Bail bond may legally charge 8% of the total bail amount. Take Note: Downey Bail bond premiums are always non-refundable, and if the defendant fails to appear in court (called a “forfeiture”), the person who purchased the Downey Bail bond (indemnitor) must pay the Downey Bail bond the total amount of the bail.
You should be mindful that Downey Bail bond companies who offer 5% Downey Bail bond fees or “cheap Downey Bail bond” are violating California Law. Any company that offers you these rates or makes these claims is either acting illegally or will put you on a payment plan when you sign the contract. These “price cutting” bail agents are saying and doing whatever they can to get your business. if you have any question please call our office. 1-800-944-1599