A Bail bond company can help an individual who is charged with illegal wrongdoings get out of jail lawfully though awaiting trial. Bail bond companies are regulated by state laws, and those regulations can be pretty difficult to understand. Let’s find out some more information in this regard from the next few passages of this blog.
What You Need To Know About Bail?
When a person has been accused of criminal wrongdoing, they show up in front of a judge who decides if they should be free into society prior to the trial. In a few cases, the defendant may be free on his/her own recognizance. This means the court has faith in the person to come for the court dates and to obey all the orders set.
If the court isn’t sure that the defendant will obey the demands of the court, they can necessitate insurance from the part of that individual their return by putting up an amount of money. This amount of money is called bail. And, it may range from a comparatively lower amount to millions. The court will be holding the cash until the completion of the trial. If the defendant has met the orders, the court will return the money.
What Are The Duties Of A Bail Bond Company?
In several cases, the defendant can’t pay for the full amount of bail. If they are incapable of raising funds from friends and family, they can turn to bail bond companies. A bail bond company can sell the defendant a surety bond. This will act as insurance that the defendant will come to court when called.
The price of this bond is usually a certain percentage of the bail. The amount can be restricted by state laws. But, most of the time it is around 10% of the whole bail amount. Also, the bail bondsmen may need the defendant to secure their bond with collateral. For example, with or a car, the deed to a home, jewelry, or some other valuables.
A family member or friend of the defendant can agree to accommodate collateral to protect the bond. Then, the bail bond company will send a spokesperson to the court for paying a part of the bail and assure payment of the rest if the defendant doesn’t show up when necessary.
The bottom line
When in shortage of money and you need to get your loved one out of jail, the one and only safe way is to contact a bail bond company. They are there to help you out from such situations 24/7. So, you know there’s a friend who can help you even if your relatives can’t help.