What is the percentage amount a bail bondsman can legally ask on a bail?
What is the (percentage) amount a bail bondsman can legally ask on a bail? I was told .10% and the bondsman agreed but once I paid off the amount, he came back and said it was .12%. Is he correct?09/20/2007 | Category: Bailment | State: Louisiana | #8913
The folllowing is a LA statute:
§1404.3. Premium on criminal bail bond
The premium rate set for commercial surety underwriters writing criminal bail bonds in the various courts throughout the state of Louisiana shall not be subject to the rates set by the insurance commissioner, but shall be set and adjusted by the legislature. The rate for all commercial surety underwriters writing criminal bail bonds in the state of Louisiana shall be twelve percent of the face amount of the bond, or sixty dollars, whichever is greater. Any additional fee authorized by R.S. 13:718(I)(2) shall not be included in this premium rate and shall be exclusive of the limit set by this Section. All other provisions of the code relating to enforcement of the rate shall be effective and enforced in accordance with all parts of this Section.