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Understanding a Bail Bond You Need to Know about Bail Bond By Kim Valerio

  in Legal | Published 2013-12-17 10:18:49 | 106 Reads | Unrated

Summary

Anyone with criminal charges is arrested, and will be thrown to jail just before a trial is scheduled. But most of the time, a judge will likely consent a bail.

Full Content

When a person is arrested, he might be immediately incarcerated just before he could go to trial. Nonetheless, judges will set bail for most instances. The judge will determine the amount of bail based on whether the suspect has past criminal records, and what type of crime did the suspect done. But depending on the case; a bail will definitely cost about thousands.

In case that the defendant and his loved ones can’t manage to pay for the bail, they can seek assistance from a bail bond agent or else referred to as bondsman in order to get the bail bonds. These agents act as guar
antee that the court will get their money in the event the defendant doesn't fulfill the conditions of the agreement.

In addition, the bondsman will need to charge the defendant and his family around at least 10 percent of money to pay for the bail amount. And if the money isn't enough; the defendant’s assets will be served as a form of security. On the other hand, the bondsman might include property as collateral if the defendant fails to meet his bail requirement. These requirements usually include showing up for court on time.

Knowing Bail Bond Much better

For instance, the total amount of bail offered by the judge is about $10,000. That means that the bondsman needs $1,000. This amount will serve as the bonds fee, and bear in mind that it's not refundable. Nevertheless, when the alleged criminal does skip his bail, he is still not free for the remainder of the money.

In the America, bounty hunting is still authorized. Not only will the defendant get pursued by legal authorities, he can also be pursued to get the rest of the lost bail back.

Bail Background

The first bonding system in the US was developed at the very end of the 19th century in San Francisco. Even though this system is common and pervasive in the United States, it is unusual in most other countries. However, there are some countries that accepted their bail amounts in a cheaper rate. On the contrary, there are countries that illegalized the acts of bounty hunting.

How Do Bondsmen Make Bail?

Most of the time, bondsmen won't pay for the required bail amount of money. They establish a security agreement with local courts. In other words, both parties have agreed that the court will still receive the bail amount when the defendant disappears, or fail to come back to the court hearing. As such, bondsmen will have to settle a form of security beforehand concerning such thing. They might need to negotiate with an insurance broker, banks or other financial companies to come up with the bail amount.

This arrangement implies that a bondsman doesn't have to go to court and give them cash when they accomplish a transaction. What's more, when the bonds are posted; defendants can lastly leave jail. Of course, laws vary in various states and local jurisdictions, but these are the basics.

The bail bond system truly is a win-win situation wherein the defendant can lastly get out from custody, and it also helps the bonds agent and the court as well. In some instances where the defendant neglected his court hearing; then he is running away from shelling out his overall bail amount. In link to that, the bondsman is very essential to the court. They will have to takeover for the settlement of the bail with assistance of his insurer or other means of financial assistance.

Check out this marvelous site that tackles topics to do with Bail Bonds

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