Different Kinds Of Bail Bonds And Their Purposes
By M Umesh
Bail bonds are extremely useful especially for people who want to avoid or get out of jail. Since arrested people are taken to jail, it will depend on alleged crime whether they are given bail or not. In case there is bail, the defendant may pay for recognizance and come out. However, there are cases when bail is not set and the defendant will not be released. This is done in situations when a heinous crime is done, or when the dependent may continue to endanger someone's life and safety, as well as when the person is a repeat offender.
When the amount of bail is determined, the arrested person himself or his family and friends contact the bondsman to give him the requested amount, so that the dependent might be released. There are three main types of bail bonds: property bonds, surety bonds, cash bonds, so the bail can be paid in three ways. Let's take a closer look to bail bonds' types and their characteristics.
Property bonds are paid when the dependent or his family has to put up his property. The property will receive a lien from the court, which will be removed when the sentence is set and the defendant has to go back to jail or when the court announces that he is released from other court hearings in the future.
Surety bonds on the other hand mean that the bondsman has to receive a premium, which is a percentage of the entire amount of bond. Usually the premium amounts up to 10%.
The cash bail bonds are the most frequently used type of bonds, where the defendant or his friends and family have to pay the entire bond amount to go out of jail. If the gathered money is not enough to cover the entire bond amount, the defendant may contact the bondsman, who might release the person for a fee.
Even when the bond is paid, if the dependent does not show up for the appointed hearings, the court will issue a warrant to arrest him. If that happens, the bondsman will no longer be responsible to return the bond. The main role of the bondsman is to make everything possible to collect the entire amount of bond and he may use the services of bounty hunters to do that. They will find the defendant and return him back to jail, so he will no longer be given the right to bond out, because of a high flight risk.
The insurance company usually backs the surety bond, although in case of liquid cash, this could be done by a bondsman himself. In the event a very high surety bond is determined to be paid by a defendant, the bondsman may replace some part of the bond amount with property to add it as a guarantee to the bail bond. The bondsman can issue a lien on the defendant's property or home, if he skips bail, so that foreclosure proceedings might begin. In that case the amount, which will come from the foreclosure sale, will replace the money that the bondsman should receive from the dependent.
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