Friday, March 22, 2019
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A Quick Rundown of Bonds

Introducing Bail Bonds – Learn Everything There Is For You To Know With Regards To It

There are so many things that you have to be aware of regarding bail bonds such as the fact that they are bonds given by an insurance company through a bail bondsman who will represent the company itself, so that they can guarantee the release of the accused defendant pending trail. As for the rate that is being charged by the bail bondsman, well, it is actually ten percent of the total sum of the bond. In return, what usually happens is that the defendants are subjected to give a collateral and this collateral may come in the form of the mortgage of their home or a second deed of trust. Now, when the final decision has already been made regarding this matter, the bail bond will go under the process of exoneration wherein it will go back to the insurance company. On the other hand, if it so happen that the person under trial abscond or does not show himself or herself in the court, the bail bond will then get forfeited unless their will return. Not only that, we want you to know as well that a bail bond will act as a financial guarantee to the court that the defendant will certainly make an appearance before the law each time the court orders him or her to do so.

Another thing that we want you to know of regarding bail bonds is the fact that they are only valid for one whole year and the in event that the case will take a much longer time than that, an additional premium must be produced to steer the bond to keep on working. Furthermore, we know for a certain that bail bonds are normally being posted on almost all jails and courts. As a matter of fact, almost all jails all over the world are accepting bail bonds twenty four hours a day, seven days a week, three hundred sixty five days per year. When it comes to this, bear in mind that there are tons of release options that you can have and this may range from the property bond, the cash option, the citation release, the security bond and even the own recognizance. The judge or even the magistrate will have the final say with regards to the bail amount they will set and this bail amount will be based on the law that is followed by the state the defendant is.

Know that there are aspects that you must think of regarding this matter like how you must get a licensed bail agent and how important it is for you to ask for their certification and their license before processing any bail transaction.

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