What you need to know about bail bonds MN

When a person is arrested for a crime, there are ways for them to obtain their release from jail.

First, they can remain detained until they find out the outcome of their criminal case. Another way is to request the judge to release them on their own recognizance. And the last, most common way is through posting bail.

What Bail means

Bail is the monetary amount that a judge sets as a condition of a person’s release from jail. This amount is determined by several factors including the severity of the crime, previous criminal history, danger to others, and a defendant’s ties to the community.

It is also an insurance policy that the court has to make sure that the person accused of crime shows up for his court appearances once they are released from custody.

 

About Bail Bonds MN

In the event that the family, friends, and the defendant can’t gather enough funds to pay for the full bail amount. They have the option to get a bail bond through a bond agent.

A bail bond is a contract between the court, the defendant, the bail bondsman, and also a co-signer if there are any.

This is a surety bond that the bond agents posts to secure a person’s release from jail. It also acts as an assurance to the court of the defendant’s appearance to all his court dates.

What happens if I miss my court appearances?

In the event that you fail to show up in court when you are supposed to, you should call up the court and inform them immediately why you didn’t appear.

You can also choose to call your bail bond agent to tell them that you missed your court date. This is so that the judge can be informed of the reason for your absence – you may have been in an accident or was caught up in an emergency.

However, if you don’t do this, the court will then forfeit your bail. This means that you will have to pay for the full bail amount. Also, a warrant for the defendant’s arrest will be issued and they will be seen as a fugitive.

 

How much does a bail bond cost?

The cost of Minnesota bail bonds is 10% of the full amount of bail set as regulated by the State’s Department of Insurance.

This amount is the premium fee that the bail bondsman charges for his services in facilitating a person’s release from jail.

The premium that you pay the bail bondsman is nonrefundable and is earned the moment the defendant gets out of detention.

A co-signer or collateral may also be required by the bond agent depending on the case of the person. This is so that the bond agent will have a safety net in case the bail bond is forfeited by the court.

If this happens either the collateral is sold to pay for the bail amount or the co-signer will be financially responsible to cover the amount needed for bail.