What is a Bail Bond and Who is a Bail Bondsman?

When someone gets arrested for having committed a crime or as a suspect in a crime, he/she will be taken to jail and then undergo a booking process. During the booking process, that person will be fingerprinted, his/her mug shot will be taken, and a statement concerning the incident will be recorded. This person will then remain in jail while awaiting his/her court day unless bail is posted for his/her release.

Bail.

A bail is a settlement, usually in the form of money or assets, that is made in agreement with a court so as to secure a defendant’s release. This agreement is normally made by a bail bonding agency who represents the defendant. During this process, the agency will arrange for the accused to be released from jail pending his/her trial in exchange for a certain amount of money or collateral that can be in the form of assets, money, or a bail bond.

How Does a Bail Bond Work?

A bail bond or a bond is an assurance that the full bail amount will be paid. Depending on the situation, a court can either choose to accept the full bond amount or a certain down payment percentage for the defendant’s release. The cash value of bail bonds is typically set by the court. there are two main types of bail bonds. These are cash bond and surety bond.

Cash Bond.

In a cash bond, the entire bond amount is paid. The amount is then technically returned when the defender appears for his/her trial date.

Surety Bond.

In a surety bond, a bails bondsman is paid 10% of the full bail amount which he provides to the court. This 10% amount is not returned and is considered to be the fee for the bail bondsman, just check cheap bail bonds Detroit. Additionally, some countries or states have the fee for the bondsman set at exactly 10%.

Bail Bondsman.

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A bail bondsman or sometimes referred to as a bail bond agent or a bail bonds person is an individual, cooperation, or agency who acts as an assurance and property or money to be pledged as bail for the defendant’s appearance in court. A bail bondsman normally takes a security against the assets of the defendant so as to cover the bail cost. If the defendant’s assets are not enough, then securities against people who might be willing to assists such as friends and relatives may be taken instead. Once a security has been taken, a bondsman will often require a 10% cash down payment in conjunction with the mortgage on an individual’s home that would be equal to the entire bail bond amount that is owed. You can check out Detroit Bail Bonds Pros as they are the most called bail bonds company.

The bail agency is responsible for making sure that the accused is present in court during the trial date. However, if the accused does not show up, a bounty hunter may be hired by the bail agency so as to track him/her down. The bail bondsman can also sue the accused for money which was given as bail bond for the defendant. The bail bond agency can also choose to recover any money that was unpaid by claiming the assets owned by the defendant or the individuals who had signed an agreement to assist the defendant financially. It is important to note that bounty hunting is only allowed in the U.S. and the Philippines. In other countries, it is considered to be illegal. 

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