When personal property is used to secure a loan, the object being used must meet certain requirements. It must hold substantial value. For a piece of property to be considered, its value must be at worth at least one and half times the value of the total bail bond. To secure a $50,000 bail bond, the value of the property being used must be at least $75,000. The reason for this is to cover the cost of the sale of the property if the defendant does not honor their obligations and causes the bond to be forfeited.
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