Bail bonds are monetary insurance for the court that a defendant will show up for all their court hearings.
You don’t have to post bail but this means that you will have to stay in jail until your trials which may take a while.
It is less expensive to post your own bail but it can cost a few thousand dollars.
If you can’t gather enough funds to cover the bail money needed, then you should probably hire a bail agent.
With a bond agent, you will only have to pay up to 15% of the entire bail amount while the bond agent will pay for it in full to the court.
A bond agency is paid to take a risk on someone. For you to get out of jail, a bond agent will usually charge a 15% fee.
A premium is the money paid to a bond company for their services redered on behalf of a defendant. The premium amount is the state regulated 15% of the full bail amount.
Payment plans for bail bonds depend on the amount and the cosigner of the agreement if they are not able to pay for the premium themselves.
After the paperwork goes through, it usually takes an hour or less for police stations and up to 12 hours for county jails. Usually, if the holing facility is busy, it may take longer.
Bondsmen have to go through background checks, exams, and get a license from the State of Nevada.
A forfeiture is when an accused person does not show up for his or her court appearances.
At this time, the bond company will have less than 60 days to surrender the defendant to court. If not, the bond company will have to pay for the full bond amount to court.
An exonerated bond is when a defendant shows up for all his or her court dates, This means there won’t be any financial liability for the defendant’s case by the collateral owner or the bond agency.