Thursday, November 17, 2011

XR Bonds

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.

No comments:

Post a Comment