For larger bail bonds, a bondsman may ask for collateral in addition to the premium. Collateral is security : something of value pledged to cover the bond if the defendant fails to appear. This guide explains what can be used as collateral and how it works.
What Collateral Is
Collateral is property or assets pledged to guarantee a bail bond. If the defendant attends all court dates, the collateral is returned in full. It is only at risk if the defendant fails to appear and the bond is forfeited.
Collateral is returned when the case closes and all court dates are met. It is security, not a fee : unlike the 15% premium, which is never refunded.
Common Types of Collateral
- Real estate. A home or other property is the most common form of collateral for large bonds.
- Vehicles. Cars, trucks, motorcycles, and boats with clear titles.
- Jewelry and valuables. High-value items, sometimes including precious metals.
- Bank accounts or cash. Funds held as security.
- Other valuable assets. Depending on the bond and the bondsman.
When Collateral Is Required
Not every bond requires collateral. Smaller bonds are often handled with just the premium. Collateral is more common on large bonds where the bondsman is guaranteeing a significant amount to the court and wants additional security.
How Collateral Is Returned
Once the case concludes and the defendant has met all court obligations, the bond is exonerated and the collateral is released back to whoever pledged it. The process is documented so everyone knows the terms upfront.
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336-422-6190We Explain Collateral Clearly
At Barrino Bail Bonds, if collateral is needed, we explain exactly what is being pledged, the conditions for its return, and the risks involved : before anything is signed. We have served North Carolina since 2012. Call 336-422-6190 any time with questions.
