Secure a release with the types of bail bonds
A bail bond is a tripartite agreement between the defendant or also called as the Respondent, the bail bondsman or the surety , and the court of law. The defendant or co-signer pays the bail bondsman a non-refundable fee, usually 15% of the entire bail amount. The bail bondsman then posts the full bail amount with the court and ensures the defendant’s appearance in court. If the defendant fails to appear, the bail bond business may take any legal action against him.
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Types of bail bonds in securing a release for oneself:
Just like the offenses, bail bonds also differ in their types and serve a different purpose keeping in view the situation of the defendant. Defendants in this state can choose from seven different forms of bail bonds. The defendant must meet a certain set of criterion in order to find himself discharged from the custody. So, let’s split down those prerequisites for furnishing the bail bonds.
1. Property bonds
A property bond is without any shadow of doubt the same as it sounds to us, a bond in which property serves as collateral in case the defendant falls short to appear or disregard his commitment to appear before the court of law. It is also essential to highlight the fact that certain states in the United States of America allow or accept property bonds.
Property bonds ask for the rights in any property to be fortified in entirety. Well do not confuse it with any movable property as the best type of bail bonds as property bonds to be presented before the court is the one involving real estate. However, it is not the only sort of property that can be used to secure these ties.
Property bond is a type involving lots of time and requires to arrange a property bond. Inspections and paperwork to be completed may take upto certain weeks.
2. Surety Bonds as one of the type of bonds
Another type of bail bond amongst the pool is one named as surety bond. A surety bond is nearly always issued by a bail bonds firm. It will cost the defendant 10% of their entire bail amount which is to be submitted with the treasury or exchequer of the court.
A lot of the defendants mainly prefer the bail bond type since bail is frequently set at a price that exceeds the common person’s means. Because most people cannot afford bail on their own, they turn to a bail bonds firm, acquire a surety bond, and then repay it over time. It is one of types where one can hire a designated individual or the firm to present the surety bond as the bail bonds in exchange of the amount which to be rapid over a set time period.
3. Cash as the frequent type of bail bond
This type of the bond requires defendants to pay the whole sum in cash or an equal form to guarantee their release while in custody or sitting in the jail. Cash Bail Bonds demand the defendant or their family and friends to pay the whole bail sum in cash or a comparable financial instrument. The court holds this cash as a promise that the defendant will appear in court proceedings.
It is equally important to mention here that this type of bond option appeals to people who have the financial capacity to pay the full bail cost. If the defendant attends all court hearings, the cash is returned to the person who posted it, usually after the matter is resolved. Whereas, it is crucial to remember that not everyone can afford to pay cash bail.
4. Citation Release as the type of bond in jail
Commonly known as the “cite-out” or “cite-and-release,” is a method in which law enforcement authorities adopt a modus operandi to issue a citation to a defendant rather than arresting them. It can be termed as a legal procedure in which a law enforcement officer issues a citation or ticket to a suspect instead of making an arrest which can be the procedure of “Bail before arrest”.
The citation includes information on the alleged offense, the court date, and, in some cases, the bail amount. Citation is a type of release which is frequently utilized for minor charges or violations, such as traffic infractions, misdemeanors, or certain low-level offenses. It helps authorities to save resources by not booking people into jail for minor offenses.
5. Bond type: Secured bond
Secured bail bonds, on the other hand, require the defendant to provide collateral (mainly property or pledge) to secure the bond. This can take the shape of cash or property, such as a house. The amount of collateral requested is usually the same as the amount of bail. If the defendant fails to appear in court, the court may collect collateral to cover the expense of bail. Secure bonds can be paid in cash, with property as collateral, or with a surety bond (bail bonds).This type of bond can be appealing to any person who is a loner and does not have anyone to show up.
6. Recognizance Release as the bond type in jail
Recognizance release bonds are perhaps the second most preferred sort of bail. Release on your recognizance indicates that the judge has ruled that you, the defendant in this case, have been granted freedom only on the basis of trust. To sum it up it can be said as the defendants who have been released on recognizance can wait for their trial at home without having to pay bail.
Conclusion
It goes without saying that the fundamental goal of all types of bail bonds is only to ensure that defendants keep their promise to attend all necessary court hearings and legal actions related to their case.
If you still have questions and queries about different types of bail bonds, the skilled bondsmen at +17635021370 can help. We have years of experience processing all types of bail bonds and are always there to assist you in a difficult situation. Need help? Speak to us today!
Read more: How Much Do Bail Bonds Cost?