Two Types of Hybrid Bail Bonds in Indiana

There are so many questions that run through a person’s mind when they are faced with the responsibility of bailing someone else out of jail. What kind of liability am I taking on? Will this be expensive? When can I post their bail? How do I post their bail? Of all the common questions that erupt after an arrest in Indiana, not many have to do with the different types of bail bonds available for general public use. From surety bonds and cash bonds to OR releases, property bonds, PR bonds, and more, there are certainly choices out there. In fact, there are bail bonds available that combine two or more of the above-mentioned to form a brand new, hybrid bail bond.

Continue reading to learn more about hybrid bail bonds, including what they are, how they can help you get a person out of jail, and where to get started on the Indiana bail bond process no matter where you are in the state.

Indiana Bail Bonds 317-876-9600
Indiana Bail Bonds 317-876-9600

Hybrid Bail Bonds Combine 2 or More Traditional Bail Bonds

Before we mentioned the two most common hybrid bail bonds used in Indiana, first let us discuss the most common types of traditional bail bonds in Indiana: surety bonds, cash bonds, and OR release bonds. By having a basic understanding of these bail bond options, you will be able to better understand what hybrid bail bonds are and how they work.

Cash Bonds

A defendant’s full bail amount can be paid directly to the jail. This is known as cash bond. So long as the defendant appears for court, the money paid will be refunded in full. If the defendant does not appear for court, known as an, FTA (Failure to Appear), the money paid will be forfeited entirely. This type of bond does not require the services of a bail bond company.

Surety Bonds

A surety bond is your basic bail bond, and the best alternative to a cash bond. A client pays a bail bondsman a percentage of the full bail amount instead of paying the full bond amount themselves, out of pocket. For example, if the person’s bail is set at 10K, you can choose to pay the full $10,000 in cash to the jail, or you can choose to hire a bail bond agent and pay only 10% to 15% of the 10K. If you use a bail agent, you do not get a refund.

Personal Recognizance Bond

A personal recognizance bond in Indiana is similar to an OR bond. In a typical OR bond scenario, the defendant simply signs an agreement promising to appear for all court dates; no bail is set, and no bond is paid. Here in Indiana, the court might offer a PR bond, or personal recognizance bond, which allows a co-signer (generally a family member or spouse) to post the bond. Under a PR bond, defendants are not allowed to sign for themselves like they would be in an OR bond scenario.

Hybrid Bail Bonds

Now that you have a basic understanding of the most common types of bail bonds used in Indiana, we can discuss hybrid bail bonds. Now, the term hybrid bail bonds is not official. It is colloquially used to describe how two typical bail bonds can be combined to create a new type of bond. In Indiana, the hybrid bonds we often see are XR bonds and XC bonds.

XR Bonds – When you combine a PR bond with a surety bond, you get an XR bond.

XC Bonds – When you combine a surety bond with a cash bond, you get an XC bond.

Are you looking for the fastest and easiest way to get your friend out of jail in Indy? Contact Woods Bail Bonds at 317-876-9600 for the fastest and friendliest bail bond services in Indianapolis, Indiana. Request a free estimate or information, anytime.

Related Posts:

Do I Need to Hire a Lawyer to Get Out of Jail?
The Best Option for Indiana Arrest Warrant Defendants
Things That Are Not True About Bail Bond Agents in Indiana