Getting Down To Basics with Bonds

The Process of Bail Bonds If a person gets sent to jail because of a suspected crime, bail bonds are being used to release them as they are waiting for their trial. This financial duty will help make sure that the person will appear in court. This obligation allows the accused to get out of jail and agree to an appearance in court at a later date. A legal paper that is being bought from a licensed agent will take place of actual money and is given to the court. After the court obtains the legal papers, they would let the accused go free to await their case in court. Associated fees are usually obtained together with this bail. There are different costs per state because of the different laws they also have. The fees could range from 8% to 15% or more from the total figure that the court determines in order to release the accused. These licensed agents are being monitored by the state when it comes to the fees they are charging. The fees should not be inadequate, excessive, or unfairly discriminatory. There are a few states that won’t have a set allowable premium chargeable. Private agents are not available in all states. If you don’t have the cash needed, you can use a collateral for a licensing agent. There are different collateral involved depending on the private office. Some offices will have their own standards on which collateral can be accepted. Collateral would usually consist of jewelry, cars, stocks, real estate, and bank accounts. Other types of collateral that can be used are personal credit or credit cards.
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If the accused would not attend their court appearance, the collateral that is being used with the licensed agent could be lost. Every state would have various options to remedy the situation. The licensed agent will be informed when a person would miss a court appearance and the legal paper would be on a default. Bench warrants are usually issued for the person’s arrest. In order for the default to be lifted, the person would be given a grace period to give him enough time to turn themselves in.
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Paying a premium for bail bonds means that you wouldn’t get the money back. Since the fee is what freed the accused out of jail, the agent would get the fee when they are out of custody. This fee would not be refunded to you. The agents get the fees once they do their services. Their job is to take care of the accused and make sure that they would go the court during their scheduled appearance. Once you know how bail bonds work, you will learn how to understand the risks. When you get a person out of jail, it is vital to know how bail bonds work.