I posted this on the site... this is just so much BS... and frankly, and I will repeat... until DCJS grows a set, nothing will change. period...
... and I deal with this every day.................................
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Virginia DCJS sets it at 10%... that is the law... plenty of bondsmen skirt this law by simply stating "5 or 6% "DOWN" and supposedly financing the rest... often, the rest is never paid and the bond is written for the discounted rate. Being a licensed Virginia agent, I can tell you that I don't discount, period... and I do everything I can to turn in any bondsman that I can prove is discounting. All I want is a level playing field with honest competition. Until DCJS grows a set and starts enforcing this law, nothing will change.
If you are discounting... you best not let me find out... cause I will put your sorry azz under the bus... and if you do not know me or think I am just an old man that will not act... that is your first and last mistake....
Just had to say something else... so I just posted this on the site also...
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Listen up Bondsmen.... you can paint this any way you want... if the playing field is level, we all compete honestly. The problems I have faced in the last 14 years in this business have been just as problematic on the bondman's side as the courts or defendants side. I will be the first to say that we (bonding community) often bring the 'sht storm' down on ourselves with the level of ethics that too many of us portray in our business dealings. I probably do not write the amount of bond that many do but I can tell you that my reputation means far more than the extra dollars in my pocket. I may be a dinosaur on this issue but until we clean up our act, this will very likely continue. Of course, there are also many problems with the courts, the legislation and the regulatory agencies, but we are the fist line. IMHO, we need to clean up our act first.
Discounting is absolutely a way of business in most bail states... I really don't think there is much anyone can do about it but it is unethical IMHO, and in some states, illegal, and that is about all I can say about that....
Sorry if this get under your skin, but frankly, if you are discounting bond premiums ... you are not my friend anyway... in fact, if you are discounting bonds... take my name off your friends list on Facebook and delete my number from your phone... you don't need me as a friend.... and again, if I catch anyone, including YOU... doing this and I can prove it... you will be crawling out from under that proverbial bus...
Do you feel my frustration?
Addition later.... I will finance a portion of the premium if push comes to shove (at least 65% down and the balance in 30 days) but I will also go to length to collect what is owed on the bond and that includes a judgement on the indemnitor for nonpayment if need be.... and for clarification... financing is not discounting
