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 response, what defendants have to do is that they are required to put up a collateral such as a second dead of trust or the mortgage of their own house. Once there is already a final decision made regarding this matter at hand, the bail bond will then be exonerated and will return to the insurance company. On the other hand, if it so happen that the person under trial abscond or does not show himself or herself in the court, the bail bond will then get forfeited unless their will return. 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.
The next big thing about bail bonds that we want you to know has something to do with the fact that they are valid for a period of one year and if in the event that the case goes beyond this period, there is an additional premium that must be produced to keep the bail bond working. And also, it has been said that bail bonds are being posted at most courts as well as jails. The truth of the matter is that there has been an increase in the number of jails and courts across the globe that are accepting bail bonds twenty-four hours a day, seven days a week, three hundred sixty five days a year. 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.