Video: What does Bail Bonds Collateral Mean?
Bail collateral secures the bond and why a bail bondsman needs this from you.
What is bail bonds collateral and why does a bail bondsman need this to secure bail? A bail bond company will often require bail collateral in addition to a premium payment for a bail bond. Collateral is anything of value that is used to secure the amount of the bail bond, such as jewelry, coins, cars, or an indemnitors home equity. Bail collateral may remain in the bail agents possession until the defendant’s case has completed. Collateral is returned when charges are dropped and case has concluded.