Essential Information That You Must Know When It Comes To Bail Bonds
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 return, what usually happens is that the defendants are subjected to give a collateral and this collateral may come in the form of the mortgage of their home or a second deed of trust. Now, when the final decision has already been made regarding this matter, the bail bond will go under the process of exoneration wherein it will go back to the insurance company. On the contrary, when the person who is supposed to be put under trial will abscond or will not make an appearance in the court, the bail bond allotted to them will get forfeited, unless, of course, they return and show themselves in the court. 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.
Another thing that we want you to know of regarding bail bonds is the fact that they are only valid for one whole year and the in event that the case will take a much longer time than that, an additional premium must be produced to steer the bond to keep on working. Furthermore, we know for a certain that bail bonds are normally being posted on almost all jails and courts. In fact, we want you to be fully aware of the fact that many of the jails and courts alike in the world are accepting bail bonds twenty four hours a day, seven days a week and three hundred sixty five days a year as well. With regards to this, know that there are so many different types of release options that you can choose from and this may include the following: cash option, security bond, property bond, own recognizance and citation release as well. As for the bail amount that must be provided, the one who will get to decide that is the judge or the magistrate and it will be dependent on the law of the state where the defendant is in.
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.