Important Facts Regarding Bail Bonds That You Should Be Aware Of
One thing about bail bonds that you should know is the fact that this is something that an insurance company will provide through a bail bondsman who will act as an agent representing the company itself for the purpose of securing the release of an accused defendant pending trail You have to know that the rate by which the bail bondsman is charging is ten percent of the total amount of the bond. In reply, all defendants will have to put up with a collateral and that collateral may come in the form of a second deed of trust or the mortgage of the defendant’s house itself. Once there is already a final decision made regarding this matter at hand, the bail bond will then be exonerated and will return 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. In addition to that, there goes the fact as well that bail bonds are often used to act as a financial guarantee to the court that the defendant will show himself or herself before the law each and every time he or she will be summoned.
There are other vital and essential things that you have to be aware of when it comes to bail bond such as the fact that it will only last for a year and if it so happen that the case goes beyond that, it is typical for an additional premium to be produced to keep the bond working. Additionally, you should know by now that bail bonds can be posted at the majority of courts and jails. The truth of the matter is that there has been an increase in the number of jails and courts across the globe that are accepting bail bonds twenty-four hours a day, seven days a week, three hundred sixty five days a 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.
In accordance to the information given by professionals to industry experts, there are several important factors that one must take into consideration before getting the service of a bail bond agent and one of which is to make sure one hire’s a licensed bail agent, not to mention how important it is for them to ask for the bail agent’s license and certification before any bail transaction.