The True Meaning of Bail Bonds

The True Meaning of Bail Bonds

Being arrested doesn't get better with time. A procedure known as Arraignment is done, where a suspect must face a judge after the initial booking and holding cell placement. At that time, the judge will hear the charges and will ask the detainee to enter a plea. If it is 'not guilty,' then there will be a formal trial. This date could be in months or years away, the judge must then decide if the accused person is trustworthy enough to remain out of custody before the trial starts.

In order for the court to get a financial incentive in return, it usually asks for a bail money and it depends on how serious the charges are. For example, if a person is charged with murder, he may be given a US $500,000 bail, this means that the person is liable for the said amount and if he fails to appear in the court.

Most people cannot afford the amount of the bail, so what they do or their families does is to do a contract with a specialist called a bondsman to arrange for bail bonds. Also Read: - Bail Bonds Oxnard

A bondsman or a bail bond agent is a person or a corporation that acts as a surety and property or pledge money as bail for the appearance of a criminal defendant in the court. Although insurance companies, banks, and other institutions are usually the sureties on this type of contracts, for example, to bond a contractor who's under a contractual obligation to pay for the completion of a construction project, such entities are reluctant to put their depositor's or policy holder's funds at this kind of risk involved in posting a certain bail bond. While on the other hand, bail bond agents are usually in the business to cater to criminal defendants, often securing their customer's release in just a few hours.

There are a lot of bail bond agents here in the United States. In other countries, bail is usually more modest and the practice of bounty hunting is illegal. There are a lot of people intentionally skip town after posting their bail bonds, there is also a need for a unique occupation called a bounty hunter. Bounty hunters are private individuals, who can be hired by bail bondsmen to track down and return those clients who failed to appear in court. Also Read: - Bail Bonds Westlake Village

Because bail bonds issued by private bail bonding agencies can be nonrefundable and very expensive, many court systems have created another way for accused people and their families. In lieu of the entire bail bond, a 10% cash amount can also be accepted by the court directly. This is the same situation that creates the need for a bail bondsman in the first place, but with families with the means to generate a certain amount of money no longer has to go through an intermediary. In essence, bail bondsman works much like other highinterest, short-term, lending institutions. And the repayment terms can be brutal. Also Read: - Bail Bonds Simi Valley

Several states in the United States has already banned the practice of bail bonds, and more may follow in the near future. The financial disadvantages to the person accused of the crime and his or her family seem to outweigh the potential benefits of release until trial. The 10% cash bond option issued by the court can be refunded as long as the accused appears in court without incident.

Bail bonds issued by private sectors or companies may have even more stringent conditions since the bail bondsman will be held financially responsible for the entire bail amount if clients should fail to appear.

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