Nowadays commercial bonds in Connecticut are becoming more common across the state. Using a bond means the defendant or a person on the defendant’s behalf will sign a contract with one of the available bail bond companies in Connecticut. The bond provider will then post bail on behalf of the defendant in question after the contract is signed. Have a look at Connecticut Bail Bonds Group.
What is this implicit in? This means that if the defendant fails to appear the provider will be liable for the full amount of bail. Will this make the defendant scot-free, since his bail was already shouldered by a private provider? Not quite. As the contract also states that if the defendant fails to meet all court hearings, he or she will lose the collateral and the firm will demand further fines.
Why should that be so?
Connecticut laws state that a percentage of the funds paid to a bond provider, also known as the premium or commission, can be kept by that company irrespective of the case’s disposition and even if the defendant attended all court hearings in full. Premiums are limited to 10 per cent of the total amount if they are less than $3,000. The case is different if the total bail amount exceeds $3000 but is less than $10000. Connecticut bail bond companies are permitted to charge an additional 8 per cent for premiums in such cases. If the bail amount exceeds $10,000, the provider may charge 14 per cent more.
In addition to charging a fee, these firms are also allowed by law to demand that the defendant or their families post unlimited amounts of collateral to support the issuance of the bond. They are also empowered to seek limits on the personal liberty of defendants, such as imposing curfews or compulsory private company meetings. Any violation of the rules can be cited as basis for forfeiting the reported collaterals.