There are four main types of bail bonds used in the industry; however, depending on the particular state, area, and where the bonding actually takes place, it may vary slightly. The four most common bail bond notices used to get a person released from custody are security bonds, cash bonds, federal bonds and immigration bonds. Each kind of bond requires another method of freeing a person from arrest. Continue to read about cash, insurance, federal bonds, and immigration bonds; and how to get one in your specific county or city. Have a look at safe US towns on the east coast for more info on this.
Cash Bonds A cash bond is needed in a situation where an convict, relative, or family member actually demands cash money for their bail. Typically the cash is recovered in whole until the accused meets the necessary probationary terms of their criminal detention and shows up to all of their court appearances. It is not a suggested option as bail normally amounts to thousands of dollars. That form of cash should be used for more urgent or significant needs; rather than being used to get a jail release. For top notch individuals, superstars, professional sports players, and additional special organizations, this form of bond has become a prominent preference.
Surety Bonds Surety bonds are another common alternative for trying to get a release from prison after an arrest. Surety bonds operate like this: if a person is arrested and taken into custody, another person or themselves can contact an Indemnitor professional, such as a bail bondman, to help in the bail process. These forms of bail bonds typically provide some kind of collateral for the amount needed for the bail. It is because the person released on bail will most likely have additional court stipulations, such as therapy and prescription of medications, to be undertaken or the Indemnitor needs responsibility for the entire bail sum. Thus, the personal signing of the bail bond would most likely have to pay as compensation a non-refundable fee (a percentage of the full bail amount). Of course this type of bail bond is most well known among the general population.
Federal bonds Such bonds aren’t as common as the above forms. That is typically because in the event of a federal crime, they are easily used. Crimes like these include embezzlement, tax evasion, robbery, bank fraud, hi-jacking aircraft, counterfeiting and more. Such bonds are much more costly than the various common forms of bail bonds, for a great cause. Having a reliable and professional bail bondman for federal bonds is typically very helpful and can make a significant difference in the bonding process for a individual.
Immigration bonds This sounds self-explanatory. They’re a little bit more complicated than what the average person think. They’re extremely complex because they’re for crimes involving foreign nationals and people that are not us. They’re pricey, much like federal bonds, and they need a bail bondman to make a major risk deal. For example, a person who is a citizen of Canada may commit a criminal offense in the U.S., after that flee back to Canada while out on bail; leaving the bail bond service provider responsible for the entire bond (which can vary from hundreds to thousands of dollars) as the accused is not here to perform their criminal actions.
Bail bonds can end up being very difficult, but comprehensible; this is why it is strongly recommended to seek advice from a qualified and licensed bail bond advisor in your area to provide you with reliable information on bail bonds and how they are used in the legal market.