What Is The Difference Between A Cash & A Surety Bond?
- Cash bond – This means that a person places a certain amount of cash with the city/state to guarantee that they will appear at the next court setting. If a person does not appear at the next court setting after posting a cash bond, then the money that was posted will be forfeited to the city/state. If a person appears and is found not guilty or has their cases dismissed then all the bond money will be refunded to the defendant.
- Surety bond. – A bonding company who, for a fee, will put up a bond which guarantees that a person will appear at the next court date. The City has nothing to do with the contract between a defendant and the bonding company. The bonding company normally charges a fee for each bond posted.
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