Things You Need to Know about Bail Bonds
It can be a traumatic and frightening experience when you are accused of a crime and then get to be arrested and spend time in jail. Fortunately for you, until you are proven guilty thus is legally innocent, in most cases the judge will allow you to be released until your day of hearing or trial. On hold though because before you are released from custody, the judge would require from you a form of guarantee to ensure that you will return to face the charges against you. This form of a guarantee is called a bail bond, and it must be turned over to the court in several forms, either cash, property, a signature bond, a secured bond through a security company or a combination of these forms.
Bail bond is usually set during a bail hearing which is a formal procedure. During this formal hearing, the judge meets with the accused individual and listens to information in order to decide if it is appropriate to set bail or not. When considering a certain type of bail bond, like secured or property bond, the judge will get information about the sources that will be used as collateral, or the financial resources of the defendant. In cases where someone else will post bail on behalf of the defendant, this is a surety type of bond and thus the financial condition of the person will also be looked into.
During a surety type of bond to provide bail, he or she must be present along with the defendant at the bail hearing, and the judge will tell both of them of the various responsibilities and obligations. Note that if you are the surety, you have the confidence in the defendant before you post bail, because if the defendant does not fulfill his or her responsibilities, or violates any conditions of release, and so on, the bail maybe forfeited or revoked.
Bails can be in different choices like cash bail meaning through cash, or through certified checks or money orders. For those posting the bail, keep in mind to keep the receipt so that you can collect the refund once the terms of the bail have been met.
Unlike cash bail, the defendant does not need as security the posting of funds or property in a signature bond. Meanwhile, in a corporate surety bonds, this is a kind of bail bonds that are secured by bail bondsmen where the defendant pays 10% of the total bail amount to the bondsman, and the defendant must have enough financial capabilities to pay the remainder amount of the bail if the defendant does not meet bail conditions.