A XC bond is a type of split bond used by the Marion County Indiana Superior Court system. The XC bond is a hybrid bail bond composed of two seperate and distinct bail bond types: surety and cash.
The surety half of the XC bond is posted by a bail bondsman. The bondsman fee is 10% of the amount of the surety bond set by the court.
The cash bond half of the XC bond may be posted by anyone in conjunction with the surety bond. The cash bond deposit is the entire amount as set by the court.
Both halves of the XC bond must be posted at the same time and location.
Even if the defendant is in attendance at all court appearances, The Marion
County Superior cours may keep all or a part of the cash bond deposit for
costs and/or fees related to the case. Anything left of the cash
bond deposit can then be refunded. The premium paid to the bail bondsma, by law, is not refunadable.
If you are in need of XC bond advice or information visit the Indianapolis XC bail bond website of Jeff Downer Bail Bonds or call them at 317.701.2528. The office location is at 5212 Madison Avenue Suite H Indianapolis IN 46227.
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