Introducing Bail Bonds – Learn Everything There Is For You To Know With Regards To It
There are so many insurance companies out there that are providing bail bonds though a bail bondsman who will act as an agent representing the insurance company to make sure to release the 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 response, what defendants have to do is that they are required to put up a collateral such as a second dead of trust or the mortgage of their own house. If it so happen that a final decision is already made with regards to this matter, what comes next is to exoneration of the bail bond in which 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. That is not the only thing about bail bonds that you should know of since you have to be aware of the fact as well that these bonds serve as a financial guarantee to the court that the defendant will make an appearance every single time he or she is 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. 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.