Jeff Downer In Marion County, Indiana there a variety of bail bond types. It is important to understand the nature of each bail bond type because each has its own rules about how much money is required and the procedures by which it is posted.
These bail bond types are frequently referred to by their computer code designations. Find below list of bail bond types sorted by their codes and accompanied by an explanation of how to determine the amount to be paid and the procedures to be followed.
- SR Bond – The SR code designates a surety bond. A surety bond requires the use of a bail bondsman to post the bond. The bondsman’s premium fee is 10% of the total bond amount set by the court. If the bond is set at $10,000, the bondsman would be paid $1000 to post the bond.
- CS Bond – The CS code designates a cash bond. A cash bond would require that the entire amount of the bond set by the court be posted directly with the court clerk. If the bond is set at $500 then then that amount must be paid. Any person is eligible to post a cash bond. Once the case is over the bond money will be returned less any fines and court fees that are deducted.
- PR Bond – The PR code designates a percent bond. A percent bond would require a payment of 10% of the total bond amount to be paid to the court clerk. If the bond is $10,000 then the court clerk would need to be paid $1000. Any person can post a percent bond. Once the case is over the bond money will be returned less any fines and court fees that are deducted.
- XC Bond – The XC code designates a type of split bond. XC bonds are a hybrid of a surety and a cash bond requiring a bond of each type to be posted. How much that required to be paid can be confusing with an XC bond. An $11,000 XC bond would require both $1,000 cash and $10,000 surety bonds to be posted making the total expenditure $2,000.
- XR Bond – The XR code designates another type of split bond. XR bonds are a hybrid of surety and percent bonds. Again calculating the amount to be paid is confusing. For example a $5,500 XR bond would require both a $5,000 percent bond and a $5,000 surety bond requiring a total expenditure of $1,000.
There are three other codes which are used instead of bond codes and designate release statuses that do not involve the use of bail bonds. They are:
- OR – OR means release on own recognizance. It simply means that the defendant is to be released without the posting of a bond.
- NB – NB indicates that the defendant is to be held without bond and is not eligible to be released.
- CR – CR indicates a court ordered release due to no charges being filed or the case has been dismissed.