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WayUpNY
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Post subject: (NY) How long is a bond valid with courts?  Posted: Thu 17 Dec 2015 16:28 |
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Joined: Wed 08 Dec 2010 20:11
Posts: 12
Location: Champlain, NY
FRN Agency ID #: 0
Experience: < 3 years
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I know that NY requires us to maintain bond records for at least -6- years, BUT, was wondering how long an issued bond is valid for, ie can a court drag out a bond obligation for years?
One of those questions I can't locate an answer for.
Thanks
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Looking out my kitchen window, I see Canada, looking out my porch window, I see Vermont!
Looking in the mirror I see wrinkles!
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Mdbtyhtr
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Post subject: Re: (NY) How long is a bond valid with courts? Posted: Thu 17 Dec 2015 17:27 |
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Joined: Thu 06 Jul 2006 14:22
Posts: 3982
Location: Maryland and Virginia
FRN Agency ID #: 455
Experience: More than 10 years
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Absent local statutes that address the issue, as long as they want. Some bond powers limit the time to 1 year and then has to be re-written and premium paid again. In MD, that is not allowed and I have 1 case that has been active sincve 08/2014.
Scott
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R.E. "Scott" MacLean III
"Leaders are like Eagles, you never see them in a flock, but one at a time"
Chesapeake Group Investigations, Inc.
Chesapeake Bail Bonds
877-574-0500
301-392-1100 (fax)
301-392-1900 (Office)
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WayUpNY
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Post subject: Re: (NY) How long is a bond valid with courts? Posted: Sun 20 Dec 2015 19:55 |
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Joined: Wed 08 Dec 2010 20:11
Posts: 12
Location: Champlain, NY
FRN Agency ID #: 0
Experience: < 3 years
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Mdbtyhtr wrote: Absent local statutes that address the issue, as long as they want. Some bond powers limit the time to 1 year and then has to be re-written and premium paid again. In MD, that is not allowed and I have 1 case that has been active sincve 08/2014.
Scott Thanks for the response...helpful info.
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Looking out my kitchen window, I see Canada, looking out my porch window, I see Vermont!
Looking in the mirror I see wrinkles!
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speezack
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Post subject: Re: (NY) How long is a bond valid with courts? Posted: Thu 24 Dec 2015 13:38 |
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| in memoriam |
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Joined: Fri 02 Mar 2007 10:51
Posts: 5055
Location: South Central Virginia
FRN Agency ID #: 1474
Experience: More than 10 years
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How bout this...
I am looking at a 50K that I wrote 11/24/2010... still active in the Virginia Supreme court system... was appealed up the ladder and still going... no decision made to date...
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Bill Marx, Sr.
"FREE STATE BAIL BONDS"
"FREE STATE INVESTIGATIONS"
DCJS: 99-176979
Cell: 434-294-0222
"Endeavor to Persevere" "Lone Watie"
"Good judgment comes from experience, and a lot of that , comes from bad judgment" "Will Rogers"
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ChuckJ
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Post subject: Re: (NY) How long is a bond valid with courts? Posted: Thu 24 Dec 2015 17:32 |
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Joined: Wed 10 Nov 2004 21:00
Posts: 664
FRN Agency ID #: 4006
Experience: More than 10 years
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So if you retired tomorrow they would hold 50k of your BUF until that case is concluded?
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tsuggs
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Post subject: Re: (NY) How long is a bond valid with courts? Posted: Thu 24 Dec 2015 17:44 |
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Joined: Thu 09 Mar 2006 14:51
Posts: 3344
FRN Agency ID #: 3904
Experience: More than 10 years
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Bill,
So a verdict was entered in the case? If so your bond should have been exonerated.
In CA, the defendant has to post a separate Appeal Bond in order to appeal a conviction. That goes for the surety also if they are appealing a forfeiture ruling.
And, I think the Appeal Bond would have to be in the amount of the judgment entered in the case of appealing a forfeiture.
If we post an appeal bond for a defendant, we also HAVE to charge an annual premium.
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