Bail Bond Definition - Everything You Need To Know

It is possible that you were held in jail, if ever arrested. Bail is the amount of money or other property that is deposited on the court's desk in order to guarantee that an accused will appear in court at the time they are called.

The bail may be forfeited when the defendant fails to attend the trial. This means that the person who was able to put up collateral with money or property could lose the collateral. We'll discuss the bail bond process and what happens if the accused doesn't show up to their trial. We'll also give you some suggestions on how to get out of jail as quickly as possible!

What is Bail Bond?

Bail bonds are an type or surety bond that is placed by defendants or third parties on their behalf to ensure that the defendant is released from prison. Bail bonds are utilized in criminal proceedings to ensure that the person being accused will appear in court for the trial.

Inability to attend court will result in the forfeiture bail bonds and the cosigner being accountable for the cost to the court.

How Does A Bail Bond Work?

They're usually transported to a county jail or police station in the local area in the event of being arrested. detained. The officer who arrested them will read the Miranda Rights to the accused that includes the right to remain silent and the right to an attorney.

After being booked, the suspect will be fingerprinted, taken an mugshot, and provided with personal details. The accused is usually booked and appear before an attorney within 48 hours.

In the bail hearing the judge will decide the amount of bail that has to be paid by the accused to be released from the custody. The bail amount is determined on a variety of factors, such as the seriousness of the crime along with the criminal history of the accused as well as whether the accused is a flight risk.

If the bail amount has been set too excessive for the defendant to pay on their own, they can contact a bail bond company to help them pay for bail. A bail bond company usually charges around ten percent of the total bail amount.

Things to Take into Consideration when looking for a Bail Bond Company:

• The state's license for bail bond firms is crucial.
• The bail bond business should be reputable and be in a position to provide references on the request.
• Any questions about bail bonds should be addressed by the bail bonds company.

When you contact a bail bond company They will ask you for some basic information about the defendant and the charges against them. You will be provided with an agreement in writing from the bail agency that details their fees and terms.

Bail Types:

Two kinds of bail are available: cash bail and surety bail.

A surety bail is when a bail bond company posts the full bail amount for you. The company will then charge you a non-refundable fee usually around 10 percent of the bail amount.

Cash bail means that you make payments to the court full bail amount in cash. This money will be returned to you at the end of your trial as long as you are present at all court appearances.

Why Bail Bond Businesses Exist:

Bail bond companies are there to aid those who are unable to pay for bail on their own. The company will post bail on your behalf and make sure that you are present at court appearances.

Conclusion:

To summarize the bail bond happens when you or a company will pay the court the total bail amount on your behalf. A non-refundable fee is payable by the company typically 10 percent of the bail amount. Bail bond companies are there to aid those who are unable to pay for bail on their own.

By posting bail on your behalf, the company guarantees that you will turn at your court appearances. If you fail to appear at court the bail bond firm will be required to pay the entire bail amount to the court and will then come after you to collect the cash.