At All American Bail Bonds in Santa Clarita and other bail bonding companies, collateral may be used as part of the surety bond contract in order to get an arrestee released from jail. So what is collateral and why is it used?

When a person is arrested and in need of a surety bond to be released from jail, collateral may be used to help guarantee the individual makes all of their required court appearances, including their judgement day.

Collateral items are typically high in value, but what may be accepted by a bail bonding company as collateral varies depending on the specific circumstances, according to the Bail Resource Center and Career Academy.

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In addition, the current market value is not considered when determining collateral, with the bail agent instead basing the value on what they would receive if the asset was sold and value was lost as a result.

There are two primary types of collateral that could be accepted by a bail bonding company such as All American Bail Bonds in Santa Clarita: personal property and real property.

A few examples of personal property include cash, vehicles, stocks and bonds, savings accounts, life insurance policies, businesses and jewelry. Real property would include residential, commercial, industrial or agricultural property.

Collateral is returned once the arrestee who has been released from jail has fulfilled all of their contractual obligations with the bail bonding company, which includes making all of their scheduled court appearances, including their judgement day.

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The contract also typically requires a non-refundable premium to be paid — which is 10 percent of the total bail amount in the state of California — in exchange for the bail bonding company’s services.

The bail agents at All American Bail Bonds in Santa Clarita are available 24 hours a day, seven days a week to answer any questions related to the purchase of a surety bond, and encourage anyone who has either been arrested themselves or has a loved one in jail to contact them for assistance in getting the person out of jail and back home as quickly as possible.

“With Us You Are Never Alone”

All American Bail Bonds

26707 Oak Ave #A

Santa Clarita, CA 91355

661-255-2245

Call Toll Free: 888-755-2245

24 hours a day — 7 days a week

If your loved one is in custody and they wish to talk to an All American Bail Bonds representative, call:

818-990-0003 or 661-267-6777

[email protected]