The New Year is only a few days old and already we are starting to see quite a few changes take place in the Maryland Bail Bonds industry. One of the more significant changes to occur is that Baltimore Bail Bondsmen are now allowed to charge a fee for posting cash only bails for their clients. Prior to this, bondsmen were not allowed to assist their clients with this leaving many people unable to post these cash only bonds.
When a bond is set at cash only one can only pay the bond with cash or a certified bank check made out to the District Court of Maryland. There is no opportunity for financing like you would have when posting a regular bail bond with a bondsman.
This is a statewide change that technically all Maryland bail bondsmen can offer to their clients. The fact of the matter is, however, that very few will offer this service to their clients. Big Boyz Bail Bonds is one of the very few that will service cash bails of any amount. You might be asking why so few bondsmen in Maryland would be willing to do this as an additional service.
The reason is simple. Posting a bail bond versus posting a cash only bond is quite different. When one posts a bail bond they are essentially insuring the courts that they will pay the total sum of the bail if the defendant fails to appear for court. This means that the bondsmen do not have to put up any "physical money" to the courts. When one posts a cash bond they are doing the exact opposite. Bail Bondsmen who post cash only bonds are literally withdrawing money in the form of a certified check to post your bond. And when the defendant appears for court and the case gets closed, the money is returned to the bondsman that put up the money
The truth of the matter is that 99% of the bail bondsmen in Maryland simply don't have the funds to be able to do this. In addition, if they had the funds, they wouldn't want to put up their own cash for someone they didn't know. So if you come across a friend or family member that needs assistance with a cash only bond, remember to call Big Boyz Bail Bonds.