How Bail Bonds Work – Types, Conditions
A bail bond is a form of payment provided by an individual defendant of a crime. A bond allows them to temporarily leave the jail system until a court date is officially processed.
Bail bonds are offered to people who cannot meet their bail needs. It is for those who cannot meet bail and can be granted with this provision, which is usually provided by a bail bond agent or a bail bond agency.
If a detainee is not able to meet the payment of the required bail, he may be eligible to borrow the necessary funds from an organization specialized in the provision of bail bonds.
The bail bonds are provided in the form of collateral loans that may vary in the requirements for a first payment. The percentage of the bonds can vary from 5% to 50% depending on the gross amount of the payment of the required deposit.
That said, the typical bond is instituted by a balancing agent in the form of 10%. After the return of the bail for the detainee who has appeared at his hearing, the bail is transferred to the bail institution.
In certain cases, a form of guarantee is expected to be exchanged for the bail bonds dispersed by that institution, which is, in addition to the required down payment.
What is a bond?
A judge is the one who establishes the bond, so the person accused of a criminal offence faces three options.
- One can remain in custody until the trial concludes with a verdict, which can take months or even years?
- Or option two of that, they or someone they know can pay the total amount in cash depending on the size of the bond, which may be more than the average person can pay.
- Option three is to seek help from a bail bond company. The bonds act as insurance policies. They allow a detainee to be released from jail on the condition that they appear before a judge on a specified date.
Bail Bonds Agents Aka Bondsman:
A bail bondsman is any person or agency that acts as a guarantor and the promise of money or property as bail for the appearance of an accused person in a criminal court. The guarantors assume the responsibilities of a person’s bond in exchange for guarantees and rights.
The guarantors are almost exclusive to the United States. All guarantors have a permanent agreement with local judicial systems, where they will agree to publish a permanent link.
It will be paid to the legal system if the defendant for whom the bail bond agents represent them does not appear at their specific court dates.
In turn, the bail bondsman also has an agreement with an insurance company or credit provider to take advantage of that security.
A bail bond agent charges a 10-15% fee of the total bail with a minimum of $ 100 typically. These figures fluctuate according to state law and the guarantor’s agenda for the operating bond.
If the accused person does not appear at his court date, the bail bondsman is allowed to sue the defendant in court to recover the money paid in the bond. This practice is usually accelerated by including a bounty hunter.
If a family member or friend has been arrested, Nelson Bail Bonds in Seminole County is here to help you with this stressful situation.
We have a quick and easy process. We are committed to providing reliable service to all our customers. Our bail bond agents are authorized and trained to understand your situation during this difficult time and to address all your questions and concerns in obtaining bail for your family member or friend.