A XR bond is a type of split bond employed by the Marion County Indiana Superior Courts. The XR bond is a hybrid combining two distinct bail bond types: surety bond and percent. bond.
The surety component of the XR bond is posted by a bail bondsman. The bondsman charges 10% of the amount of the surety bond set by the court.
The percent bond component of the XR bond may be
posted by anyone in tandem with the surety bond portion. The percent
bond is 10% the entire amount as set by the court.
Both components of the XR bond must be posted together at the same time and place.
Although the defendant attends all court appearances, the Marion
County Superior courts can retain all or a part of the cash bond deposit for
costs /or fees pertaining to the case. Any remaining part of the cash
percent bond deposit is then refunded. The premium paid to the bail
bondsman may not be refunded by law.
If you need XR bond advice or help, come to the Marion County bail bond website of Jeff Downer Bail Bonds or call them at 317.701.2528. The office is located at 5212 Madison Avenue Suite H Indianapolis IN 46227.
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