The Functions of a Bail Bond
Bail Bonds? So How Does It Work
To release the defendant, the court system will choose how much bail will be needed.
According to the law, a business can give a bail bond which is the entire amount of bail required to be given to the court, but that only happens if the person who was arrested does not appear to all required court appearances.
If someone is suspected to have commited a crime, they will be placed into jail until they have a court hearing or they get freed from jail through bail.
Bail is a certain amount of money that is chosen by a judge during the defendant’s hearings, and that money will also be considered insurance for the person to attend their court hearings, otherwise they will go back to jail.
It is normal for the price of bail to be very expensive and many people cannot afford it, so a person can ask for the services of a company that offers surety bonds, which is basically a form of lender that only offers loans or deals to people who want to get released from jail.
A bail bond agent will be assigned from a company to post bail for the accused.
A bail bond agent, which is also commonly referred to as a bondsman, will pay for the bail and they will collect a certain percentage of the total amount of bail and that will be their non-refundable fee for their services.
It is common for the bail bond agent to ask for collateral in property, security, or a statement of creditworthiness so that they will be able to pay for the bail to release the defendant from jail while they wait for the judge’s decision.
The Deal With Bail Bonds
Bail Bond Functions
A surety bond company offers bail bonds through one of the bail bond agents, which will be used to secure the freedom of your loved one from jail. Typically with bail bonds, there are two kinds that a person can choose from.
To have a person released from jail, they will use a kind of surety bond which is called a bail bond.
A bail bond is used for insurance so that the person accused of crimes will attend all of the required court hearings regarding their case once they are released from jail.
To allow a person to get released on bail, they will seek out a legal bond referred to as a a bail bond.
One of the most commonly used methods to get freedom from jail while they are waiting for their trials for criminal charges after they have been arrested is called a bail bond.
To put it simply, in the legal system bail is a way that a person who was arrested can be released for a certain period of time from custody, or jail, so they can live their everyday lives and get ready for the court hearings.
A certain amount of money, property such as a house, or a bail bond will have to be posted for criminal cases by the defendant or on their behald and that promises that the defendant will show up to their court hearings.
Bail bonds are a kind fo financial agreement that is normally made by the defendant themselves, or on their behalf, and it is used to ensure that they will attend the court hearings until their trial has finished.
When a defendant gets a bail bond or posts bail, they will sign a written promise that ensures that they will go to the court whenever they are required to without fail, otherwise they will be placed back into jail.
The forms of Bail Bonds
The Main Kinds of Bonds
What a Surety Bond Is
Some of the most common types of bonds are surety bonds.
Things that are property, such as homes, cars, money, stocks, etc., are often required by bondsmen for collateral because they will sell those items to pay off the rest of the bail amount if the defendant does not show up at court.
There are certain instances where a bondsman can give a bond and it only needs a signature.
The surety or insurance of a bondman means that the company will give bonds, hence why they are referred to as surety bonds.
Quick Facts on cash Bonds
The defendant themselves can post a cash bond, however a family member or friend can post one on their behalf as well as long as they meet the required bail amount.
Appeal Bonds and the Facts
Appeal process can take a long time, so the defendant’s lawyer can ask to post bail for the defendant to avoid staying in jail for a long period of time.
Surety bonds can come in lots of different forms for payment or collateral, however appeal bonds only take the full amount in cash and in certain cases checks, deposits, and credit may be accepted.
What You Should Know about Immigration Bonds
A surety bond may have a lot of the same elements as immigration bonds, however immigration bonds are much more complicated.
Firstly, immigration bonds are posted to the Immigration and Naturalization Services rather than at the jail.
After that, they will need to present special licenses to the bail agent for them to be able to start the immigration case.
As with most bail bonds, if the accused person doesn’t go to court they will forfeit their bail, however a surety bond may allow time for the person to turn themselves in before it can be forfeited.
WHAT BAIL BOND OPTION PAYMENTS YOU HAVE
Bail Bond Payments
The bail bonds that we offer will accept money during the service, however this can be hard for some families to get.
PAY WITH A CREDIT CARD
Using a credit card is one of the most common and easiest ways people can pay for bail bonds.
A credit card is one of the fastest ways to pay for bail, that way the bail process can begin immediately.
MONEY ORDER PAYMENTS
For people who do have the money on hand but don’t want to carry around a lot of money, you may choose to bring a money order.
WIRE TRANSFER FOR PAYMENTS
Another quick way to transfer money to us without coming to our office is by doing a wire transfer.
PAYING WITH A CHECK
There are times a check can be used to pay for a bail bond.
A REAL ESTATE BOND
A bond amount can be very great for very serious charges, therefore collateral may be needed such as real estate to secure the finances.
If the bail reaches $100,000, most clients use real estate liens to cover the rest of it.
Because bail can be so high, even paying for 10% of it can be a struggle.
There are people who may not have a credit card or access to a large credit line to be able to pay for the fees.
Methods to Post Bail
When you know what the bail amount is, you will have to post that exact amount or at least part of it to post bail.
Normally people pay in cash, but you may also pay in other ways such as a money order or a check.
After the bail has been posted, you will be provided a document or order that states that the defendant may be freed.
You can get a contract with a bail bondsman to help you pay and ensure the bail bond.
Typically, a bail bond agent will ask for a nonrefundable fee of 10-20% of the bail amount.
A bail bond agent will be the one to pay for the rest of the bail amount if the defendant doesn’t show up in court.
THE CONSEQUENCES OF NOT PAYING BAIL
The Consequences of Not Paying for Bail Bonds
The bail bondsman has the right to revoke your bail if you don’t pay them what you owe.
Not paying the bail agent means you are breaking the contract, therefore they will either revoke the bail entirely or charge you with a civil violation.
Bail agents normally require a 10-20% fee of whatever the bail is, but be aware that they can take your bail bond away if you don’t pay and you would end up back in jail.
THE DIFFERENCES BETWEEN BAIL AND A BOND
The Difference Between a Bond and Bail
A full cash payment to pay for the bond required by the court is called bail.
If the defendant meets what is expected, the bail money will be given back to them after the trials.
A bondsman’s pledge to meet their promise to the court if the defendant doesn’t appear in court is called a bond.
A third party is needed by the bond to agree to be liable for the debt for the defendant.
The fee paid to the bond agent is non-refundable.
Bail and bonds are very similar, but typically the difference is between where the money come from.
A certain amount of money to release a person from jail is called bail.
If the defendant doesn’t arrive when expected, he loses the bail money.
A person is free from jail is they or their relatives pay for bail.
Unfortunately, not many defendants can meet the bail amount.
Thankfully, that’s where bonds come in.
Bonds are a form of bail money that can be found through a bail bond business.
A defendant gets the rest of the loan amount with collateral, such as a home.
A defendant has to pay the 10% fee to the bail bondsman.
The bail bond agent will pay the court a sum of the bail and will pay the rest if the defendant doesn’t show up.
A court will accept this because the accused person doesn’t get their property back if they don’t appear.
THE PRICE OF BAIL BONDS
The Cost of a Bail Bond
The fee to pay for the bond agent will be a small sum of the entire bail bill.
Typically, the fee will be about 10%, however that depends on the person and the case.
There are lots of times you can get a bond just with a signature.
There are times where collateral is needed and held onto until all the conditions have been met.
If they obligations have been met, the collateral will be returned.
GETTING A COSIGNER OUT OF A BAIL BOND
Can You Leave a Bail Bond as a Cosigner
A cosigner has to be willing to be in charge of the defendant when they are released from jail and they will also be financially responsible.
BAIL BOND MONEY – GETTING IT BACK
Getting Bail Bond Money Back
You will get bail premium after the bondsman posts bail and the accused person is out of jail.
A premium will be paid to the bail agency, which is the fee that they earned after doing their job.
That is why the 10% premium fee cannot be returned to you.
After the trials are over, the bail payer can get the money or the collateral back.
While it varies between states, it normally takes a few weeks or so to get through.
A federal court does not give the money back right away after the trial is over.
Therefore, the person who paid has to file a petition to ask the court to get the payment or property back.
Whatever the case may be, the court will still keep a certain amount as an administrative fee.
A bail bond agent who paid for the entire amount will require the premium fee along with some form of security like collateral.
As long as the defendant meets their obligations, the money will be returned to the bondsman and the collateral they put down will be released, but the 10% will stay with the bondsman.