Upon exoneration, what percentage of collateral is kept?

• A. None; collateral must be returned (minus allowed, actual conversion expenses if applicable).
• B. Fifty percent is kept by the agent.
• C. Collateral is forfeited to the state.
• D. Collateral can be used to cover the premium.

Answer: (A)

Exoneration ends the bond and the obligation to the bail agent, so the collateral should be released back to the person who posted it. The only deductions allowed are reasonable, documented costs actually spent to convert the collateral to cash if needed to satisfy the bond, along with any other legally permitted closing expenses. There is no automatic forfeiture or retention of collateral simply because the case is resolved. If the collateral was cash and no conversion costs apply, you’re owed the full amount back. This is why returning the collateral minus any permitted conversion expenses is the correct understanding.