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The first modern bail bonds business in the United States was established by Peter P. McDonough in San Francisco in 1898. [4] However, clay tablets from ca. 2750 BC describe surety bail bond agreements made in the Akkadian city of Eshnunna, located in modern-day Iraq.
Aladdin Bail Bonds is a chain of bail bond agents based in Carlsbad, California, United States, and owned by Endeavour Capital Fund VI. [1] With more than 50 offices in eight states, [2] it is one of the largest bail bond companies in the United States [3] and the largest in California.
The court in many jurisdictions, especially states that as of 2012 prohibited surety bail bondsmen – Oregon, Nebraska, Wisconsin, Illinois, Kentucky and Maine [29] – may demand a certain amount of the total bail (typically 10%) be given to the court, which is known as surety on the bond and unlike with bail bondsmen, is returned if the ...
The California Insurance Code (CIC) requires that the CDI provides licensing examinations for brokers and agents, and that the department must investigate suspected violations of the CIC by businesses and individuals who possess CDI licenses. The CDI also oversees the licensing of bail bond agents. The CDI also oversees the licensing of service ...
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The Bail Project is a 501 (c)(3) non profit organization aiming to pay bail for people who are not financially capable of doing so themselves. The Bail Project also provides pretrial services. [1] The Bail Project was founded in 2017 by Robin Steinberg. In January 2018, the organization launched its first site as a national operation.
The existing supermajority requirement for local bond approval goes back to the series of tax restrictions in California's Constitution inaugurated by the passage of Proposition 13 in 1978.
A performance bond, also known as a contract bond, is a surety bond issued by an insurance company or a bank to guarantee satisfactory completion of a project by a contractor. The term is also used to denote a collateral deposit of good faith money , intended to secure a futures contract , commonly known as margin .