All You Need To Know About Bail Bonds

All You Need To Know About Bail Bonds

The Ways of a Bail Bond

Info on Bail Bonds

The amount of bail that will be needed to be paid for a defendant’s release will be set by the court system.

A company is legally bound to pay the entire bail amount if the defendant that they provided a bail bond with doesn’t appear to the court as scheduled.

The typical thing that happens to a person when he or she is brought in on criminal charges will be that they are held in police custody until they can appear in front of a judge or until they can pay for their bail.

As an insurance for the court, a bail will be set for the person under custody. This is a set amount of money that is the condition of their release set by the judge during bail hearings.

With the amounts of bail that can be too much for a person to handle themselves, a surety bond company may be something that you should consider going to since they have deals that can cover the bail amount needed.

Once you choose a bail bond company, they will have an agent post your bond for you.

A bail bond agent typically collects a portion of the total bail amount as a service fee after they pay for the defendant’s bail.

Property, securities, or proof of creditworthiness as forms of collateral may be required for a bail bond agent to post bail so that a person in jail can be released pending trial.

 

Meaning of a bail bond

The Meaning of Bail Bonds

A surety bond company can provide you with a bail bond through a bail agent to secure a defendant’s release from prison. Bail bonds have two options tha you can choose from.

To be able to obtain the release of a person from jail, a bail bond which is a type of surety bond is needed.

Bail bonds are really meant to make sure that the defendant who is released from prison still attends their designated court hearings.

A type of legal bond, that is called a bail bond, is what enables a person’s release from jail on the condition of a bail.

A person can use a bail bond to be able to get released from prison before they appear in court for their criminal charges.

Part of the legal system that allows a person to obtain a temporary release from jail before their criminal court trials are what you call bail.

When it comes to criminal cases, bail is to guarantee a defendant’s court appearances in the form of money, a bail bond, or real property.

In order for the court to make sure that a defendant shows up during his court hearings, the person accused of a crime makes a financial guarantee in the form of a bail bond.

In criminal cases, defendants sign a bail bond which is a written promise that guarantees their appearance in court everytime the judge schedules him to.

 

Main Bail Bond types

What are the Kinds of Bonds

Surety Bonds – what are they?

Surety bonds are the most frequently used type of bonds.

The bail bond agent will have the defendant put up some form of collateral such as jewelry, real property, cars, or anything else of value so that it can be sold to pay the full bail amount in case the defendant doesn’t show up for their court hearings.

Sometimes, a signature is all that is needed for a bondsman to provide a person a bond.

A surety bond means that the bondsman’s company ensures the payment for the bonds that a person gets.

 

What are cash bonds

A cash bond is typically posted by the person who was arrested or by someone close to them for the full amount of bail the court sets.

 

What is an appeals bond?

In instances where a person is found guilty of a crime and chooses to appeal that verdict, their lawyer may submit a request for bail so they they are not kept in police custody during the long appeal process.

Appeal bonds are different from surety bonds since it usually requires a cash collateral for the full amount of the bail set offered usually in checks, deposits, credit, or cash.

 

What are immigration bonds

A much more complicated version of surety bonds are immigration bonds, but they work the same way.

Immigration bonds are posted directly to the Immigration and Naturalization Service instead of being posted to the jail a defendant is in.

To be able to handle immigration cases, a bail bond agent has to have special licenses before posting an immigration bond.

With immigration bonds, the bail is immediately given up if the person accused fails to show up for his court appearances. This is unlike surety bonds where they give the defendant a set amount of time for him to turn himself in before the bond is forfeit.

 

Bail Bond Payment Options: What are they?

Types of Payments for Bail Bonds

What is a cash payment

Our bail bond company does usually accept cash payments for our services, but it is understandable if this is difficult for families to get a hold of.

 

About credit card payments

It is more convenient to pay the bail bond through the use of a credit card than with cash.

Paying a bail bond with credit cards over the phone is typically the fastest way to make the bail process go through allowing the person who is arrested be released quicker.

 

A money order

Paying bail with the use of a money order is more convenient if you are not willing to go around with large amounts of money.

 

Paying through wire transfer

Wire transfers can be a more convenient way for you to pay a person’s bail without having to travel all the way to a bail bond company’s office.

 

Checks to make payments

Another option for paying bail is with a check.

 

Using real estate liens

In cases where the crime is very serious, collateral may be required to gather enough finances to cover the amount of the bond.

When a bail amount is $100,000 or more, this is the time clients mostly use real estate liens as collateral for their bond.

 

About payment plans

Some families may find it hard to get the finances for even 10% of the bail amount.

Some find it very difficult to cover the bail bond fees since they don’t own credit cards or don’t have enough in their line of credit.

 

Posting bail

Ways you can post bail

After the court has set the bail amount, the entire amount of bail or a specific percentage must be paid to the court as a condition for a person’s release from jail.

Paying for bail can be done with cash or with the use of approved substitutes such as cashier’s checks or money orders.

A document or order will be issued by the court that states that you are released from jail after your bail has been posted.

A bail bondsman can be contracted to pay and secure a bond if you are not able to afford the bail amount.

A one-time fee of about 10-20% will be charged by the bondsman for services rendered.

The bondsman will be liable to pay for the entire bail amount if a defendant fails to appear in court for their trial.

 

What if i can’t pay the bail bond

What if the bail bond hasn’t been paid?

The bail bond agent is allowed to entirely take back your bail bond if you don’t pay them what you owe.

Repercussions of not paying what you owe to a bail bondsman is either a civil violation or the revoking of your bail.

The cancellation of your bail bond can happen if you are not able to pay your bail bond agent about 10 to 20 percent of the whole bail amount.

 

Contrast between a bail and a bond

Bonds VS Bail

The full amount of a bond order that is posted to court by a person in jail is called bail.

As long as you complete the court’s requirements, the bail money that was posted will be returned after the trial process is done.

A bond is when a bondsman agrees to cover the cost of a defendant’s bail if they are absent from their scheduled court appearances.

A bond is when a third party, a bondsman, guarantees the payment of the debt and the obligation of the defendant.

You won’t get the money that you pay for bond services back.

The distinction between a bail and a bond is the source of payment.

Bail is how much money a person who is arrested must pay the court for their release.

You forfeit the bail you posted if you don’t show up to your scheduled court appearances.

A person is released from jail as long as the bail amount is paid.

Many people who get arrested don’t have the ability to pay for their bail.

This is where bonds can be useful.

Surety bond companies use bonds to post your bail.

A defendant needs to put up collateral like a vehicle or real estate to secure a loan for bail.

About 10% of the entire bail amount must be paid by the defendant as a service fee for a bond.

The bail bond agent posts a portion of the bail amount to court and promises to pay the rest if the defendant disappears.

Courts agree to these surety bonds since the defendant loses property if they fail to appear in their hearings.

 

What will a bail bond amount to

How much is the bond amount?

A bondsman’s fee for his services is a percentage of the bail amount the judge sets a defendant.

The usual fee for a bond agent is 10%, but this is dependent on the defendant and the cases charged against them.

You can usually secure a bond with just a signature.

If the conditions of the bond are not yet fulfilled, then a collateral may be needed.

Collateral is returned after the duration of the trial process.

 

Leaving out a cosigner from a bond

Can cosigners be taken of bail bonds?

A guarantor or co-signer is responsible for the defendant to meet the conditions of bail as well as also ensuring that the full amount of the bail bond will be paid.

 

Ways to get your bail money returned

How will my bail bond money be returned?

A bail premium is acquired once the bail bond agent posts bail and the person arrested is released.

A premium is the fee paid to the bond company for your release.

This is why the premium or 10% fee is not returned.

The money or collateral posted by the bail payer can have it back once the court proceedings are over.

The time it will take to get your bail money back depends on your state, but is usually takes several weeks for it to go through.

Once a federal case closes, your bail is not released immediately.

To get your bail payment or collateral back, you will have to file a petition with the court.

An administrative fee will still be taken out of your payment on either case.

Going through a bondsman to pay for the full amount of bail will require you to pay a premium fee and put up collateral.

You will be able to get your collateral back but not the premium if the defendant meets all the conditions of their bond.