Wednesday, November 16, 2022

Cash Bonds vs. Bail Bonds in Mississippi

In Mississippi, you have the option to post a cash bond to get out of jail.   This means you will have to post the entire amount of the bond to the court. This means that if your bail is $10,000 then you pay the court, $10,000. If you (or the defendant you signed for) goes to all court appearances and abides by the rules the judge sets forth while on bail (no drinking, drugs, committing more crimes etc), then the full amount is returned. The pros of posting the entire cash bond is that you will get all your money back after trial. The cons is that you will have to wait months, maybe even a year or more to get your money back if the trial drags on.

If you cannot afford a cash bond, you may have to do a bail bond.  In Mississippi, the Department of Insurance regulates the bail bond premium at 10% of the bond or $100 whichever is greater. But, if the defendant lives outside the state or the felony is deemed to be serious (murder, rape,) then the premium is $15% plus a $50 processing fee.  The fees are set by Mississippi Code 83-39-25.   


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