New Jersey Bond Businesses Eye New Growth, From Immigrants

2017-07-12 0

New Jersey Bond Businesses Eye New Growth, From Immigrants
James Ryan McNeely, a New Jersey bondsman who specializes in immigration bail bonds at A. J. Dell’Omo
in Neptune, N. J., said his company was also selective about the immigration bail bonds it writes.
Some of the more than 800 licensed bail agents in New Jersey are now looking to follow Mr. Berlin, by shifting from a business under threat,
because its services are no longer needed by the state’s courts, to a related one they see as a growth area under a new administration that has taken a hard line on immigration.
“That’s it, conversation over.”
Nationally, two big, privately held companies provide immigration bonds, Libre by Nexus and Action Immigration Bonds.
Bail agents can charge a one-time fee, or premium, of 15 percent, for writing an immigration bond, compared with the 10 percent
that most had charged for state criminal bail in New Jersey.