August 23, 2011 by Collateral Staff
Posted in: Bail Buzz
CHATTANOOGA, TN — Local judges note that bonding companies in Chattanooga are accepting low payments to get defendants out of jail, which could affect public safety. Bondsmen state that the current economic climate is putting pressure on them to accept, in some cases, 3% of a bond amount.
Some experts believe that the trend – while not against any laws – could result in higher bonds set by judges. The state bonding association believes that there is a saturation in the market, meaning more competition for bondsmen.
The association has considered increasing the requirements for new bondsmen, increasing fees, or even limiting the number of bail businesses allowed to open. | Read More
If the total bail is secured how is a bondsman endangering anyone? The judge who grants the bail to someone who is a risk to the community is the one doing something dangerous then. I'm a product of the public school system in Nevada and a lowly bail bonds agent in Las Vegas, but that seems like common sense to me. If someone is a danger to society, why do they receive a bail amount? No doikee derrrr duh.
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