If an individual is apprehended, he may be permitted to apply for bail. This is an amount of money that the arrested individual credits cash with the court to enable them get released from jail until their case is tried. The court asks for bail to ensure that the person will be available to appear once and when he or she is required and therefore acts as security. At times, the bail figure is too huge to be settled by the accused and in this case the court allows bailbonds grand rapids, which people can get by paying only a fraction of the total bail figure.
Usually, this amount is ten percent, and the balance of the amount is paid by a bail bonding agency. The courts will refund this amount, provided the accused continues to be present in court on all dates demanded by it. In those cases, the entire amount is retained by the agency providing the bail for the accused, meaning that the initial amount paid by the accused is pocketed by the agency, and that is how the agency makes a profit.
Surety is a type of insurance that the courts allow to take the place of actual cash. The definition of SURETY is someone who assumes liability for someone else regarding the performance of an undertaking, for instance, there coming to court or the payment of debt. A surety can be posted in states that accept Surety Bonds.
A lot of people may find the sum to be quite high and therefore out of their reach. The amount is set low enough to make its payment worthwhile to avoid spending more time in jail, yet large enough to get its refund attractive by attending all the dates as ordered by the court.
If you are working with a bondsman and want to use collateral instead of cash, it will be up to the bondsman to determine what is acceptable as collateral. As a general rule, the bondsman will prefer to receive something that has a value that is at least 150 percent of the total value of the bond. This reason for this is that if a person skips bail, the bondsman needs to be able to sell the item put up as collateral to cover his lost bond and also cover his time and effort in selling the collateral item.
I usually explain to families that they are essentially taking out an insurance plan with your bondsmen. The same way you would on a car or home, but this insurance is to appear in court. The premium of 10% is set by the state and is usually the same from all companies.
There are also privately owned bail bonding agencies that issue bail bonds. The fee charged by such agencies is nonrefundable. It is usual for bonding agencies to ask for collateral from the accused to ensure that the accused keeps appearing in court on all the dates fixed for hearing by the court. Collateral ensures the agency of getting its money back.
A bondsmen has the right to cancel a bond if their conditions are not meant, such as: calling the company to check in once a week. Failure to check in can result in your bail bond being cancelled and the defendant going back to jail.
Usually, this amount is ten percent, and the balance of the amount is paid by a bail bonding agency. The courts will refund this amount, provided the accused continues to be present in court on all dates demanded by it. In those cases, the entire amount is retained by the agency providing the bail for the accused, meaning that the initial amount paid by the accused is pocketed by the agency, and that is how the agency makes a profit.
Surety is a type of insurance that the courts allow to take the place of actual cash. The definition of SURETY is someone who assumes liability for someone else regarding the performance of an undertaking, for instance, there coming to court or the payment of debt. A surety can be posted in states that accept Surety Bonds.
A lot of people may find the sum to be quite high and therefore out of their reach. The amount is set low enough to make its payment worthwhile to avoid spending more time in jail, yet large enough to get its refund attractive by attending all the dates as ordered by the court.
If you are working with a bondsman and want to use collateral instead of cash, it will be up to the bondsman to determine what is acceptable as collateral. As a general rule, the bondsman will prefer to receive something that has a value that is at least 150 percent of the total value of the bond. This reason for this is that if a person skips bail, the bondsman needs to be able to sell the item put up as collateral to cover his lost bond and also cover his time and effort in selling the collateral item.
I usually explain to families that they are essentially taking out an insurance plan with your bondsmen. The same way you would on a car or home, but this insurance is to appear in court. The premium of 10% is set by the state and is usually the same from all companies.
There are also privately owned bail bonding agencies that issue bail bonds. The fee charged by such agencies is nonrefundable. It is usual for bonding agencies to ask for collateral from the accused to ensure that the accused keeps appearing in court on all the dates fixed for hearing by the court. Collateral ensures the agency of getting its money back.
A bondsmen has the right to cancel a bond if their conditions are not meant, such as: calling the company to check in once a week. Failure to check in can result in your bail bond being cancelled and the defendant going back to jail.
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You can find a list of the reasons why you should take out bailbonds Grand Rapids companies offer at http://www.bigbrotherbonds.com/about-us.html right now.
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