Have you or someone you know has arrested and needs to appear in court? If so, you’ll need to find the bail money to do so.
Luckily, there are many ways for you to find bail. The hard part is choosing one that is right for you.
By learning how bail bonds work, you can make sure that you are able to pay for your friend, family member, or acquaintance to get out of jail. Here are a few of the basics you can use to help yourself understand how these topics work.
Understanding Bail Bond Costs and Requirements
Understanding bail bond costs and requirements is essential to an inmate search for help or needing bail money. It is a type of loan given by a bail bond firm to an offender in exchange for the offender’s release from custody, provided they show up for their court appearances. Bail is set by a judge based on the charge, prior offenses, and the defendant’s criminal history.
The bail bond company charges 10-20 percent of the full amount of bail with an extra cost for signing the bond. The collateral used for the bond includes cash, real estate, or other personal property. A defendant will release and given a court date after posting bail.
To ensure the defendant attends their court date, the bail bond company may request a co-signer who agrees to pay the amount in full if the defendant fails to appear. Knowing the costs, requirements, and options about bail bonds can prevent further jail time and loss of collateral and help someone stay in good financial standing.
Process of Posting Bail
Bail money is the money paid to secure the release of someone awaiting trial or sentencing. The first step in posting bail is to pay the bail amount, which is set in a trust account or with a surety business. The surety company is in charge of making sure that the accused show up for their court appearances and return their bail money upon completion of their court requirements.
The family or friends of the person accused can either pay the full amount of bail money required. As well as they can secure a bail bond from an insurance company, which requires collateral to cover the bond amount. After obtaining a bail bond, the accused’s attorney files a motion with the court to release the accused on bail.
The accused will release on bond following the approval of this motion and have to appear in court as needed. If they do not complete their court requirements, the bail bond company may be responsible for paying the remaining bail amount.
Explore More About Bail Money
An understanding of bail bond costs and requirements is essential in a criminal justice process. Knowledge of how to process posting bail money can help expedite the process of getting an accused defendant out of jail and back into the community.
To learn more about this, requested a free and confidential consultation with an experienced bail bond agent today.
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