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How Much Collateral is Necessary for Colorado Bail Bonds?

When it comes to bail and bonds in Colorado, there are many options that one has so that they can be released and appear for their cases while they are out. You can talk to a licensed bail bondsman so that they can pay your bail. This is one of the easiest ways that you can be released without the need for you to pay the whole amount in bond. In most States in the United States, a bail bondsman will only require you to pay 10% of the amount charged as bail. They pay the rest of the bail amounts for you to be released.

judge courtroom

When it comes to collateral in Colorado, there are many questions that you may need to ask so as to know about it. These are some of the things you may need to know:

  1. What is collateral?
  2. How much collateral is required?
  3. Can you get your collateral back?
  4. Is one charged for the storage of collateral?

Collateral is the property or money that is deposited for the protection of the bonding agent just in case the defendant fails to appear in court. The defendant or his friends will give the collateral and a contract will be signed to that effect.

When the bond is in excess of $10,000, collateral will be required in the form of a real estate property or a home. This is pegged on the amount of bail set.

One issue that you may want to have clarified is how you will get your collateral back. Well, all one needs to do is visit the court where they posted bond and have it released. However, a certificate of discharge will be required to have their collateral returned.

You may be charged for the storage of collateral if a public facility stored it. The bail bond agent will inform you of the amount of storage money required to be paid.

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