What is the purpose of requiring collateral for certain bail bonds?

Requiring collateral for certain bail bonds primarily serves to create financial security for the bail agent. When a bail agent provides a bond for a defendant's release from custody, they assume a significant financial risk. If the defendant fails to appear in court, the bail agent is responsible for the full amount of the bond. Collateral acts as a safeguard for the bail agent, ensuring they have recourse to retrieve some measure of their financial exposure in case the defendant does not fulfill their obligations.

In this context, collateral can take various forms, such as real estate, vehicles, or other valuable assets pledged by the defendant or a co-signer. This requirement helps the bail agent manage risk and provides a level of comfort in an otherwise uncertain transaction, facilitating the bond process while protecting the financial interests of the bail agent.