Bail bonds serve as financial agreements that allow an arrested individual to be read more released from custody while awaiting trial. When a person is arrested, they are usually required to pay a specified amount of money, known as bail, to secure their release until their court date.
In Minnesota, a Bail Bondsman must legally charge 10% of the principal bail bond amount. However, when permitted by law, low upfront payments can be provided, as long as the minimum bail bond premium required by law is collected. The rest of the owed bail bond premium can then be placed on a monthly payment plan.
For individuals grappling with financial stress, paying the full bail upfront can be daunting. Fortunately, bail bondsmen provide an option to cover this cost, charging a fee for their services. In Minnesota, you also have the option of unconditional bail bonds that offer added flexibility for your situation.