If you’ve ever been arrested and jailed before, or are in that position in the future, it can be easy to overlook everything that goes into bail bonds. While the process appears to be as easy as posting bond and then getting out of jail, it is important to understand before you receive one.
Someone who’s in court and going to prison may try to take whatever way out they can find, and that sometimes includes bail bonds. But there’s more to a bond than just being a free get-out-of-cjail card. with a bail bondsman from Hartford is one of the authority sites on this topic.
Bail bonds are legally available to any criminal defendant and are offered worldwide, typically 24 hours a day , 7 days a week. The process can be quick , easy, and may seem simple, and can be simple in many cases, but that doesn’t mean you don’t have to make sure you understand what you’re signing up for.
The three types of bail bonds include setting up as collateral cash, personal property, or security. A cash bond is quite simple in the sense that it actually involves putting up the amount at issue in cash in return for issuing the entire amount to the court. A property bond operates similarly in that it uses the value of a given piece of property in the sum of the value as collateral for issuing a bond. However, it should be remembered that if the defendant fails to satisfy the requirements imposed by the judge, this means having to sign the property in question to the lender.
A surety bond is where things will get complicated. This is when bail is set at an amount not prepared for payment by the individual and he or she reaches an agreement to pay a certain percentage of the total in exchange for the full amount guaranteed by the issuer. The amount is typically around 10 percent of the sum, and is non-refundable, which means it is a one-time charge and not a deposit returned to the customer.
If the defendant fails to appear in court, things can get issue here. When cash or property is put up as collateral, the bondsman simply keeps one or the other in possession and loses nothing out of pocket. Nevertheless, once a protection agreement is reached, events will easily escalate by default.
Bondholders have legal rights to prosecute defaulting persons. They can also send legal bounty hunters looking for themArticle Check, with the intention of catching them and returning them to court to get their money back.