5 Key Takeaways on the Road to Dominating Bonds

  • Posted by: risa
  • 2017-03-16

5 Key Takeaways on the Road to Dominating Bonds

What You Need To Know About How Bail Bonds Work

When a person is arrested and goes to jail, something that you can use to get them out of jail while they wait for their trial would be bail bonds. Because of these bail bonds, the person will have to 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.

When getting this bail, there are fees involved. Due to the different state laws, there could also be various costs involved. Depending on the set amount made by the court in order to release the person being accused, the fees would usually be between 8% to 15% or more of that amount. These licensed agents are being monitored by the state when it comes to the fees they are charging. The fees that are being regulated would make them not be excessive, unfairly discriminatory, or not adequate. There are a few states that won’t have a set allowable premium chargeable. There are states that don’t have private agents.

Licensing agents can accept collaterals as well if you don’t have the cash necessary. Various private offices will have different collaterals that they deem acceptable. There are different collaterals that will accepted by various offices with their own standards. Normally, collateral will involve real estate, cars, jewelry, stocks, and bank accounts. You can also use credit cards and personal credit as some other form of collateral.
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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. It is important to have a bench warrant for the arrest of a person. There is usually a grace period for people so that they can submit themselves and the default would be removed.
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Once you pay a minimum for bail bonds, you won’t receive that 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. The premium is not refundable. The agents get the fees once they do their services. They would manage the accused people and ensure that court appearances would be honored.

When you have the information about how bail bonds work, you can understand what is at risk. It is helpful to know the processes when it comes to bail bonds and releasing someone from jail.