11/14/2011 1:15:00 PM by Jeff Downer Bail Bonds
XC bonds are a category of split bond utilized by the Marion County Indiana Superior Courts. The XC bond is a hybrid comprised of two seperate bail bond types: surety and cash.
The surety component of the XC bond is posted by a commercial bail bondsman. The bondsman charges 10% of the amount of the surety bond as set by the court.
The cash bond component of the XC bond may be posted by anyone in conjunction with the surety bond component. The cash bond is the entire amount as ordered by the superior court.
Both components of the XC bond must be posted together at the same time and location..
Even if the defendant is present at all scheduled court dates, the Marion County Superior courts may retain all or a part of the cash bond deposit for costs and other fees related to the case. Any remainder of the cash bond deposit is then refunded. The premium paid to the bail bondsman is not refundable.
If you are in need of XC bonds advice or assistance contact the Indianapolis bail bond website of Jeff Downer Bail Bonds or contact an agent at 317.701.2528. The Indianapolis office is located at 5212 Madison Avenue Suite H Indianapolis IN 46227.