Like cash bail and surety bonds, collateral can serve as a guarantee that the defendant will show up for all of their scheduled court appearances, and will promise to follow all guidelines set forth by the Judge.
Collateral may come in the form of:
- California Real Estate
- Pink Slips for Vehicles
Or, other forms. If the bond is very large or high risk, the bail bondsman may require collateral to secure the bond.
Various factors will play into each bond, such as:
- The defendant’s past history of arrest
- Their Credit Status
- Employment Status
- Homeownership or Residence History
- How long the Indemnitor has known the arrestee
All of these factors will play into the underwriting of the bond. A lien will be taken against a property or cash will be deposited into an escrow account and held until the bond has been exonerated and the premium and all fees have been paid in full.
An arrested person can use his house, jewelry, or any other valuable property as collateral if accepted by the bail bondsman.