Bail Bond and it’s Functions
Quick Facts on Bail Bonds
Bail will be set at a certain amount and that amount has to be met in order to release a person from jail.
It is part of the law that bail bond companies can offer bail bonds, which basically guarantees the entire bail amount payment will paid to the court on the off chance that the accused doesn’t arrive in court.
A person will be put into jail until their court hearings happen after they are arrested, or they can be released from jail on bail.
When there is a bail hearing, the judge chooses how much money should be paid for by the defendant in order to get released from jail, which is known as bail.
A lot of people cannot afford to pay thousands of dollars up front of pay for bail, thankfully you can ask for help from people such as bail bond agents to pay for the bail.
Surety bond companies have bail bondsmen that will be in charge of posting a bail bond for the accused.
Bond agents have to get a certain amount of money from you of whatever the total bail amount is to post bail for you as a form of payment.
Before a bail bond agent will offer bail bond services to you, many of them will ask for you to put down any property of value down as collateral. This can be in the form of jewelry, stocks, cars, etc.
What A Bail Bond Really Is
How a Bail Bond Would Work
If you need a bail bond, then you must look for a surety bond company and wait for them to assign an agent to you to post the bail. Typically, there are two types of bail bonds.
To have a person get freed from staying in jail, a type of surety bond known as a bail bond must be posted.
Since a bail bond is a type of surety bond or a “promise” bond, they signify that the defendant guarantees their presence in the court whenver they are summoned.
To get bail release, you need to post a bail bond which is a kind of legal bond.
Once a person has been arrested, they may post a bail bond to avoid staying in jail or get out of jail while they wait for their court dates.
A person who has been arrested under the suspiscion of commiting a crime can get bail, which means they will be have temporary freedom until the judge decides if they are guilty or not.
As long as person arrives at their court hearings, they will be allowed to be freed from jail by using a bail bond, paying a certain amount of money, or giving property such as real estate.
A bail bond is a way that a defendant promises the court that they will appear whenever needed and in return the defendant may be released from jail.
A court may allow the defendant to get a bail bond which is a written promise that the defendant may leave custody from jail as long as they go to court whenever needed.
Bail Bond options
The Types of Bail Bonds
Info on surety Bonds
A commonly used form of bond are surety bonds.
Bail agents will require you to give them collateral to make up for majority of the total amount of bail, you can either give cash or things such as real estate, however if the defendant doesn’t appear in court the collateral will be forfeited to the court.
Depending on the case of the defendant, they may opt to get a bail bond and only need their signature to get released from jail.
To get a guaranteed bail bond, you can go to a surety bond company to get a bail agent’s insurance.
What You Need to Know About cash Bonds
If a defendant is unable to meet the cash bond’s total amount, a relative or a good friend may be allowed to pay for the full amount for them.
What Appeal Bonds Are
If a defendant was decided to be guilty by the court, they may choose to appeal it although it takes a long time. To avoid staying in jail for an extended amount of time, they can ask if they will be allowed to post bail.
A surety bond can be done solely through a written agreement or a property such as real estate, however appeal bonds can only be paid for using money through cash, checks, etc.
The Real Info on Immigration Bonds
An immigration bond is a type of suerty bond for immigrants, it is similar to a surety bond however it involves much more detail.
To post an immigration bond, a person will have to go to the Immigration and Naturalization Services to do so and not in the jail.
Licenses such as valid property licenses must be presented to your bail bond agent so that they can properly start the immigration case.
For most immigration bonds, bail gets forfeited almost immediately if the defendant is not there during their court hearing. On the other hand, a surety bond may allow time for the person to have themselves turned in instead of forfeiting it all.
BAIL BOND PAYMENT OPTIONS
Payment Options for Bail Bonds
While we do accept payment for our bail bonds in cash, we understand that a lot of families may not be able to find the cash right away.
USE A CREDIT CARD
Using a credit card can be a very convenient way for you to pay for your bail bond without worrying about paying for it in one large sum.
One of the fastest methods to pay for the bail in one go is to use your credit card and you can get them out with a phone call.
PAYMENTS WITH MONEY ORDERS
A money order is a good way to pay for bail if you do have the money but don’t want to go walking around or travelling with a large sum of money on your person.
WIRE TRANSFER PAYMENTS
If you want to pay for bail but cannot visit us in our office, we accept wire transfers.
WRITE A CHECK
Checks can be used to pay for bail bonds however this is not always the case.
BONDS USING REAL ESTATE
If the person has been charged with a very serious crime, the bail can be set to a very high amount that collateral must be placed down to secure the rest of it.
Real estate is a common way to pay for the rest of the bail, especially if it amounts for $100,000 or more.
DIFFERENT OPTIONS TO PAY
Although 10% is a small number, bail can be very large so some people may struggle financially to meet that number.
If you don’t have a credit card or a credit line, it might be hard to pay for the bail bond fees.
HOW BAIL GETS POSTED
The Ways You Can Post Bail
When the court chooses the amount of bail needed, you will either have to pay for it in full or at least meet a percentage of the required amount.
A money order or a cashier’s check may be accepted to pay for bail as a cash substitute.
To release the defendant, a document or an order will be given to you after you have posted bail.
If you are short on finances, bail bond agents can help you pay and ensure the bail bond.
As a payment, the bail bond agent will ask for 10-20% of the bail amount for their services.
Failing to show up at court when needed means that the bail bond agent will pay for the rest of the required bail amount.
WHAT COULD HAPPEN IF BAIL BONDS ARE NOT PAID FOR
What Would Happen if You Don’t Pay
Bail bondsmen are allowed to take your bail bond if you do not pay them what is needed.
Bail may be revoked or you can face a civil violation if you do not pay your bail bondsman as agreed in the contract.
Your bail bond agent needs you to pay them the required pecentage of the bail, otherwise they’ll take away your bond and you could be sent back to jail.
THE MAIN DIFFERENCES BETWEEN BONDS AND BAIL
How to Tell a Bond and Bail Apart
Bail is the amount of money set by the court, a bond is the method of payment.
Bail money is always given back to the defendant as long as the defendant does what is expected of them during the trials.
A bond is a pledge that a bail agent makes to ensure that they will pay the court if the accused person doesn’t appear in court.
A third party for the bond, typically a bail agent, will be the one to handle the debt if the defendant fails to meet their obligations.
The money that you pay for the services fee cannot be returned.
The way you can tell bail and bonds apart is by where the money comes from.
Bail is a set amount of money that the defendant has to pay to get out of jail.
If the accused person doesn’t show up in court when they are summoned, they will lose the bail.
To be bailed out of jail, the defendant or one of their family members has to post bail, or pay for it.
Paying for bail is not realistic for a majority of defendants.
A bail bond on the other hand can make it a reality.
Surety companies or bail bond companies have bail bonds which is bail money.
Property must be given for collateral to secure the loan and the property can be jewelry, homes, stocks, etc.
For the services rendered, the defendant has to pay the bondsman 10%.
The bail bondsman pays for a certain amount upfront in court, however they will have to pay for everything else if the defendant doesn’t appear.
The court system will accept bail bonds because defendant’s don’t get their property if they fail to show up in their trials.
THE EXPENSES OF BAIL BONDS
How Much You’ll Spend on a Bail Bond
The amount that the court sets for bail, the bail bondsman will ask for 10-20% of that total amount as a service fee.
Normally, bail bondsmen charge their clients about 10% however that is dependant on their case.
A bail bond can be secured by giving your signature or a guarantee depending on your case.
There are some instances where collateral should be given and held onto until the trial is over and the obligations are met.
As long as the defendant makes their court appearance, the collateral will be returned to you.
TAKING OUT A COSIGNER FROM A BOND
Cosigners Being removed from Bail Bonds
Once out of jail, the cosigner will be responsible for the accused and will promise to pay for the entire bail amount.
GETTING THE BAIL BOND CASH RETURNED
How to get Bail Money Returned
To get bail premium, you will have to wait for the defendant to get out of jail after the bail agent posts bail.
Premium has to be paid to the bail bond agency, as it is a fee for the services the bail agents have provided.
Hence why you will be charged with a 10% non refundable service fee.
Once the court proceedings have been finished, the bail payer can get the money or property they gave back.
Depending on the laws of where you live are, it can take around a few weeks until it will go through.
If you had a trial in a federal court, do not expect the money to be returned right away.
To get back what you gave, you will need to file a petition to the court to get your money back.
A small sum of the money will be kept by the court and it will serve as an administrative fee.
Collateral along with a premium fee is normally required by bail bond agents if they paid for the full amount of bail.
Collateral will be released and the money will be returned to the bondsman given that the defendant appears in court, however keep in mind that the premium fee is not refundable.