About 918 Bail Bonds
Tulsa and Surrounding Counties
918 Bail Bonds in located in Tulsa, Oklahoma and serves the greater metro area and surrounding counties. At 918 Bail Bonds we offer the most discreet and professional service in handling your matter in an expeditious fashion. We treat each client as if they are family. With the high cost of fuel these days, we can come to you to help save any unnecessary travel costs.
Who is 918 Bail Bonds ?
Owner Kenneth Hill started in the Bail Bonds business in the summer of 2011. Kenny is a Tulsa native and attended Jenks High School, he is a graduate of Texas Tech University with a degree in Human Development and Family Studies. Kenny is able to empathically connect with his clients and offer advice of getting you back on the right track. We all make mistakes, it’s what we do when that mistake is made; adversity creates opportunity.
What is Bail ?
Bail is the term that is used when a tangible asset is pledged to or deposited with a court in order to allow the temporary release of an individual. Generally, the option of bail is extended to persons who have been charged with a crime that merits incarceration between the time of arrest and the date that the matter will be tried in a court of law. Here is some information about how the concept of bail works, including the qualifications that are usually associated with the privilegeof posting bail.
The court system will set the amount of bail required for the defendant's release. Under state law, a surety company can provide a type of insurance policy or "bond" that guarantees payment of the full bail amount to the court if the defendant does not show up for all scheduled appearances. These bonds are offered by licensed bail bond agencies. For supplying these bonds, bail agencies charge a premium - a percentage of the total bond amount, typically 10%. By way of example, for a bond amount set at $50,000, the premium would be about $5,000 plus any additional fees required by the state. The bail agency must charge the premium rate it has filed with the Department of Insurance and the premium is not refundable once the defendant is released.
What is the difference between bond amount and bond premium ?
The bond amount is the full amount of the bail that was set by the court. The premium is the dollar amount owed to the bail agency for posting the bond. Usually this premium is 10% of the bond amount. For example, if the bond amount is $50,000, the premium owed would be $5,000.
Who is an indemnitor/guarantor ?
An indemnitor/guarantor is the person(s) willing to be responsible for the defendant while they are out on bail and co-assumes financial liability to guarantee the full bond amount.