There are four main types of bail bonds used in the industry; however, it can differ slightly, depending on the particular jurisdiction, city, and state that the bonding is taking place. The 4 most common heard of bail bonds used to obtain a person’s release from prison are surety bonds, cash bonds, federal bonds, and immigration bonds. Each type of bond has a different technique of releasing a person from prison. Continue reading to find out more about cash, surety, federal, and immigrations bonds; as well as, how to get one in your particular town or state.
A cash bond is utilised in a situation when a defendant, friend, or family member requests to simply pay cash for their bail. Once the defendant completes the needed probationary terms of their arrest and shows up to all their court hearings, the cash is returned in whole. This is not a recommended option because bail is usually thousands of dollars. This type of money can be preserved for even more important or immediate requirements; rather than using it to obtain a release from jail. This type of bond has been a well-known choice for elite persons, celebrities, professional athletes, and other distinctive groups.
Surety bonds are another popular choice when it comes to obtaining a release from jail following a police arrest. Surety bonds work like this: once a person is arrested and taken into custody, another person or themselves can contact a professional Indemnitor, such as a bail bondsman, to assist in the bail process. These types of bail bonds usually include some form of collateral for the required bail amount. This is because the person being released on bail will most likely have ongoing court stipulations, such as drug tests and counselling, that must be finished or the Indemnitor takes on the responsibility of the entire bail amount. So the personal signing for the bail bond will most likely have to pay a non-refundable fee (a percentage of the full bail quantity) as the collateral. This type of a bail bond is definitely most popular among the general population.
These bonds are not as common as the ones mentioned above. This is certainly because they are only utilised in the case of a federal crime. Crimes such as these consist of embezzlement, tax evasion, kidnapping, bank robbery, aircraft hi-jacking, counterfeiting, and more. These bonds, for good reason, are even more expensive than the other common forms of bail bonds. Using a reputable and experienced bail bondsman for federal bonds is very beneficial and can make a big difference in a person’s bonding procedure.
Immigration bonds sound self-explanatory. They are a little more complicated than the average person would think. They are extremely challenging because they are for crimes that involve foreign nationals and non-us citizens. They are expensive, just like federal bonds, because they require a bail bondsman to take on a great deal of risk. For examples, a person that is a citizen of Canada can commit a criminal offense in the United States, then flee back to Canada once out on bail; leaving the bail bond company responsible for the complete bond (which can range from thousands to large numbers of dollars) since the defendant is not here to serve for their criminal offenses.
Bail bonds can be quite confusing, most understandable; which is why it is greatly suggested to consult a professional and accredited bail bond agent in your location to give you accurate details on bail bonds and how they are utilised in the legal industry.
Article Source: http://www.abcarticledirectory.com
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