Bail bonds are used in order to free someone from jail while they await they trial. Because of these bail bonds, the person will have to appear in court. After the accused person will sign, he or she will be obliged to show up in court later on. A legal paper that is being bought from a licensed agent will take place of actual money and is given to the court. After the court obtains the legal papers, they would let the accused go free to await their case in court.
You would need to settle some fees that are related to getting the bail. Depending on the state and their laws, the costs could be different. The fees could range from 8% to 15% or more from the total figure that the court determines in order to release the accused. Fees being charged by licensed agents are usually regulated by the state. The regulations would state that fees should not be too much, unfair, discriminating, or not enough. Some states won’t have a fixed maximum allowable premium being charged. There are states that don’t have private agents.
When there is no cash involved, collateral can be used in order to give a licensing agent. Depending on the office, the acceptable collateral could be varying. There are different collaterals that will accepted by various offices with their own standards. Collateral would usually consist of jewelry, cars, stocks, real estate, and bank accounts. Credit cards and personal credit are also some other collateral that can be accepted.
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If the accused would not attend their court appearance, the collateral that is being used with the licensed agent could be lost. Every state would have various options to remedy the situation. The licensed agent will be informed when a person would miss a court appearance and the legal paper would be on a default. In order for a person to be arrested, a bench warrant would be issued. In order for the default to be lifted, the person would be given a grace period to give him enough time to turn themselves in.
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Paying a premium for bail bonds means that you wouldn’t get the money back. After they are out of custody, the agent will get the fee since the fee was used to get the accused out of jail. This fee would not be refunded to you. Once the agent provides the service, they would earn the fee. Their job is to take care of the accused and make sure that they would go the court during their scheduled appearance.
When you have the information about how bail bonds work, you can understand what is at risk. When you get a person out of jail, it is vital to know how bail bonds work.