Amount of Charges to You. Any person utilizing the services of a professional bail bondsman or bonding agent must receive a copy of the following notice with the person's bail bond. Changes must not be made in the substance of the notice, but minor printing adjustments may be made. The notice may be printed on the face, back, or as a separate attachment to the bond.NOTICEIF YOU USE A PROFESSIONAL BONDSMAN: Amount of Charges to You. If you are a Tennessee resident, the premium fee for your bond should be ten percent (10%) of the face amount of your bond. For example, if your bond is $2,500, then the premium on the bond should not be more or less than $250. If you are not a Tennessee resident, then the amount of the bond should not be more than fifteen percent (15%) or less than ten percent (10%) of the face amount of your bond. For example, if your bond is $2,500, then the premium on the bond should not be more than $375 or less than $250. In addition to this amount, the law also permits a one-time $25 initiation fee (T.C.A. § 40-11-316) and the professional bondsman may collect a $12 bail tax (T.C.A. § 67-4-806). Insist on a Receipt. The law, (T.C.A. § 40-11-304) requires a bail bondsman to keep a duplicate receipt. The receipt must show the name of the person paying money or pledging property, the name of the person for whom it was paid, the account or purpose for which it is received, and the suit, action, or matter in which the money is paid. Collateral That Can Be Required. If a bondsman insists on collateral in addition to the premium fee, then you may wish to talk to another bondsman. However, a bondsman may accept collateral, and if the bondsman accepts collateral, then the bondsman must give you a written receipt for the collateral, and the receipt shall give in detail a full description of the collateral received and the terms of redemption as required by T.C.A. § 40-11-126(8).A BONDSMAN MAY NOT LOCK YOU BACK UP OR SURRENDER YOU ARBITRARILY OR WITHOUT GOOD CAUSE. GOOD CAUSE MAY INCLUDE YOUR FAILURE TO PERFORM YOUR OBLIGATIONS UNDER THE CONTRACT YOU HAVE WITH YOUR BONDSMAN (T.C.A. § 40-11-126(7) & § 40-11-132).
Amount of Charges to You. NOTICEIF YOU USE A PROFESSIONAL BONDSMAN: Amount of Charges to You. If you are a Tennessee resident, the premium fee for your bond should be ten percent (10%) of the face amount of your bond. For example, if your bond is $2,500, then the premium on the bond should not be more or less than $250. If you are not a Tennessee resident, then the amount of the bond should not be more than fifteen percent (15%) or less than ten percent (10%) of the face amount of your bond. For example, if your bond is $2,500, then the premium on the bond should not be more than $375 or less than $250. In addition to this amount, the law also permits a one-time $25 initiation fee (T.C.A. § 40-11-316) and the professional bondsman may collect a $12 bail tax (T.C.A. § 67-4-806). Insist on a Receipt. The law, (T.C.A. § 40-11-304) requires a bail bondsman to keep a duplicate receipt. The receipt must show the name of the person paying money or pledging property, the name of the person for whom it was paid, the account or purpose for which it is received, and the suit, action, or matter in which the money is paid. Collateral That Can Be Required. If a bondsman insists on collateral in addition to the premium fee, then you may wish to talk to another bondsman. However, a bondsman may accept collateral, and if the bondsman accepts collateral, then the bondsman must give you a written receipt for the collateral, and the receipt shall give in detail a full description of the collateral received and the terms of redemption as required by T.C.A. § 40-11-126(8).A BONDSMAN MAY NOT LOCK YOU BACK UP OR SURRENDER YOU ARBITRARILY OR WITHOUT GOOD CAUSE. GOOD CAUSE MAY INCLUDE YOUR FAILURE TO PERFORM YOUR OBLIGATIONS UNDER THE CONTRACT YOU HAVE WITH YOUR BONDSMAN (T.C.A. § 40-11-126(7) & § 40-11-132).
Amount of Charges to You. If you are a Tennessee resident, the premium fee for your bond should be ten percent (10%) of the face amount of your bond. For example, if your bond is $2,500, then the premium on the bond should not be more or less than $250. If you are not a Tennessee resident, then the amount of the bond should not be more than fifteen percent (15%) or less than ten percent (10%) of the face amount of your bond. For example, if your bond is $2,500, then the premium on the bond should not be more than $375 or less than $250. In addition to this amount, the law also permits a one-time $25 initiation fee (T.C.A. § 40-11-316) and the professional bondsman may collect a $12 bail tax (T.C.A. § 67-4-806).
Insist on a Receipt. The law, (T.C.A. § 40-11-304) requires a bail bondsman to keep a duplicate receipt. The receipt must show the name of the person paying money or pledging property, the name of the person for whom it was paid, the account or purpose for which it is received, and the suit, action, or matter in which the money is paid.
Collateral That Can Be Required. If a bondsman insists on collateral in addition to the premium fee, then you may wish to talk to another bondsman. However, a bondsman may accept collateral, and if the bondsman accepts collateral, then the bondsman must give you a written receipt for the collateral, and the receipt shall give in detail a full description of the collateral received and the terms of redemption as required by T.C.A. § 40-11-126(8).
A BONDSMAN MAY NOT LOCK YOU BACK UP OR SURRENDER YOU ARBITRARILY OR WITHOUT GOOD CAUSE. GOOD CAUSE MAY INCLUDE YOUR FAILURE TO PERFORM YOUR OBLIGATIONS UNDER THE CONTRACT YOU HAVE WITH YOUR BONDSMAN (T.C.A. § 40-11-126(7) & § 40-11-132).