Introducing Bail Bonds – Learn Everything There Is For You To Know With Regards To It
There are so many things that you have to be aware of regarding bail bonds such as the fact that they are bonds given by an insurance company through a bail bondsman who will represent the company itself, so that they can guarantee the release of the accused defendant pending trail. You have to know that the rate by which the bail bondsman is charging is ten percent of the total amount of the bond. In response, what defendants have to do is that they are required to put up a collateral such as a second dead of trust or the mortgage of their own house. If it so happen that a final decision is already made with regards to this matter, what comes next is to exoneration of the bail bond in which it will go back to the insurance company. On the other hand, if it so happen that the person under trial abscond or does not show himself or herself in the court, the bail bond will then get forfeited unless their will return. That is not the only thing about bail bonds that you should know of since you have to be aware of the fact as well that these bonds serve as a financial guarantee to the court that the defendant will make an appearance every single time he or she is summoned.
There are other vital and essential things that you have to be aware of when it comes to bail bond such as the fact that it will only last for a year and if it so happen that the case goes beyond that, it is typical for an additional premium to be produced to keep the bond working. And also, it has been said that bail bonds are being posted at most courts as well as jails. The truth of the matter is that there has been an increase in the number of jails and courts across the globe that are accepting bail bonds twenty-four hours a day, seven days a week, three hundred sixty five days a year. When it comes to this, bear in mind that there are tons of release options that you can have and this may range from the property bond, the cash option, the citation release, the security bond and even the own recognizance. It will be the decision of either the magistrate or the judge to set the amount of the bail bond and it will be dependent on the law that is being followed by the state.
It is very important for you to choose a bail agent that is licensed and prior to processing any bail transaction, better ask for their license and certification first.