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BOND INSTRUCTIONS 1 IF the PRINCIPAL is an INDIVIDUAL Sos Wv Form
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People also ask
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How does bail work in West Virginia?
A defendant in a criminal case may be admitted to bail in the following ways: (a) Bail may be posted by the defendant or some other person depositing cash with the circuit clerk or magistrate court clerk; or (b) Bail may be posted by a recognizance issued pursuant to West Virginia Code §§ 62-1 C- 2(b) and 62-1C-4.
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How does bond work in West Virginia?
The 10% premium is required by West Virginia law. However, West Virginia law also dictates that a minimum of 3% of the bond be paid as down payment for the bondsman to post the bond. The remaining amount due can be paid in installments to the bondsman.
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How does paying your bond work?
Upon appearing in court as scheduled, and as stated in the bail bond agreement, you get your money back. As an example, if the court sets bail at $15,000, this means you can pay $15,000 to the court in order to be released from jail. Once you return to court on your specified date, you're able to get your money back.
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Do you get bond money back in WV?
(a) When the condition of the bond has been satisfied or the forfeiture thereof has been set aside or remitted, the court or magistrate shall exonerate the surety and release any bail and, if the bail be in a form other than a recognizance, the deposit shall be returned to the person who made the same.
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What is the difference between bail and bond?
The terms “bond” and “bail” are sometimes used interchangeably, but they are not the same. Bail is paid out of the defendant's own pocket, while bonds are paid by a bail bond company. Bail requires defendants to pay the full amount upfront, while bonds only require defendants to pay 10-20% of the set bail amount.
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Who is the principal in a bond agreement?
The parties are: • A Principal – The party who has initially agreed to fulfill the obligation which is the subject of the bond. Also known as the Obligor. An Obligee – The person or organization protected by the bond. This term is used most frequently in surety bonds.
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