The Fundamentals of Bail Bonds
Some prisoners may obtain temporary freedom after being imprisoned through the use of bail bonds. Bail bonds are essentially agreements between the individual who posts bail and the bail bond broker. The bail bond broker’s duty for the bail bond is to guarantee the defendant’s appearance in court when called. Checkout bondsman.
Kith and kin are typically the ones who contact the bail agent to arrange for the defendant’s release via a bail bond. The judge sets the bail amount for the defendant, with the bail agent receiving a portion of the total. When a bail bond is signed, the person posting bail promises that the bail payment will be paid in full if the defendant fails to appear when summoned.
The bail agent may prefer that the defendant or co-signer have a collateral for the bail bond in some cases. Though the agent does not need collateral, the co-signer should at the very least have a stable income and live in a leased or owned home near the defendant. This is done as a precaution in case the bail agent is unable to locate the defendant, in which case the co-signer will be responsible for the entire bail sum. In such cases, if the defendant is apprehended and held in custody, the co-signer is responsible for the bail agent’s expenses in searching for the defendant.
Bail bonds for the defendant can also be negotiated by a bail bondsman. In this case, the defendant must give collateral to the bail bondsman, who will promise that the court will be charged if the defendant fails to appear for trial. The bail bond is dissolved and the collateral placed is returned to the defendant until all court hearings are concluded and the case is closed.