Bail bonds are a form of payment that a defendant can use to post bail. This way, a court will have insurance regarding their appearance at the court.
Someone on the defendant’s behalf may be allowed to pay for the defendant’s bail instead. This is where bail bondsman can help you.
After a person gets arrested, they’ll go to a magistrate who’ll choose their bond amount to get out of jail.
A bond is used to insure that a defendant goes to court.
Similar to insurance policies, bail bonds are offered to a magistrate as a promise.
If the defendant fails to show up at court, the bail gets forfeited.
In North Carolina, a bond fee limit is chosen by the department of insurance and it is 15%.
15% if the max amount that you should be charged however it can be cheaper depending on the bondsman.
Collateral insures the defendant’s presence in each court hearings.
There are instances where collateral will have to be given by the cosigner, and in
North carolina collateral cannot be more than the total bond amount and it’s returned within three days of the trials ending.
If you are the cosigner, you will be the indemnitor. Therefore, you will be in charge of paying for the finances of the individual and their bond.
Once agreeing, you should know what the duties of an indemnitor are before you take responsibility.
When the contract is made you are officially responsible for the defendant.
As a cosigner, you will also have to make sure the defendant goes to all of the required court hearings.
Typically, it isn’t a punishment, but bail costs are based on security.
There are many ways a judge chooses bail.
They can stick to a bail schedule, change the standard cost, deny bail entirely, releasing someone without bail, etc.
Experienced bail agents are more familiar with all of the small details of the court and bail to give you better estimates regarding the times.