What is a No Collateral Signature Bail Bond in California
A licensed California bail bondsman explains collateral versus signature bail bonds in California.
Our bail company makes every effort to offer no collateral bail bonds, known as signature bonds.
Depending on the several risk factors associated with the defendant, signers and amount of the bail, the bail bond can often be done as a "No Collateral" or "Signature" bond.
Collateral is something of value that is used to ensure performance.
Sometimes the bail bond company will receive collateral to ensure that the defendant will appear in court. Most bail bond collateral is in the form of real estate or cash.
At 888 Bail Bonds, we often negotiate no collateral bail bonds. These are called signature bonds. We find that most of our clients are actually eligible for signature bonds.
When we do require collateral, usually for larger or more risky bonds, we take it in the form of California real estate. A home as collateral gives us peace of mind that the liability is covered and gives the defendant incentive to take care of their legal issues.
When the defendant’s case has been resolved and all financial obligations are satisfied, the collateral is returned to the individual who pledged it. A bail bond company is required by law to return your collateral at the resolution of your case.