Guide to How Bail Bonds Work
When someone is apprehended because he is being suspected of a crime, he will be taken to jail by law enforcement agents. While waiting for his day in court, this person will be detained in jail unless he or she posts bail. Bail refers to a financial arrangement that a bail bonding firm will make on behalf of the defendant in question. This bail bonding agency, on behalf of the defendant, will arrange with the court to have a suspect released from jail before the trial in return for money or collateral, which can be cash, assets, or a bond. The monetary value of the bail is set by the court.
Another option to cash bail is a surety bond. This process entails a contractual undertaking guaranteed by an accredited insurance company having sufficient assets to fulfill the face value of the bond. In essence, the bail agent guarantees to the court that they will pay the bond forfeiture if a defendant does not attend their scheduled court appearances. This guarantee is done through a surety company and/or by pledging property belonging to the bail agent.
Responsibility of the Bail Bondsman
When an agent pledges a bail bond for a defendant, the accused is essentially released into their custody. The bondsman is now responsible for making certain that the defendant goes to court hearing. Consequently, bondsmen are available to assist clients whenever required, because their financial interests are tied up with ensuring that defendants behave the way the court mandates them to. If you want, you can also visit http://www.ehow.com/how_1000708_become-bail-bondsman.html for more information.
When a defendant fails to go to court as scheduled, the court may hold the bail bondsman responsible. In these case, the bondsman may call in a bounty hunter, when legal, to find a defendant who disappears before their court date. Otherwise, if the defendant appears in court as schedule, the bail bondsman gets their funds from the court when the proceedings are done, click here to get started!
Getting Your Money Back
There are several exceptions to this but in essence, you do not get your premium back that was paid to the bonding agency. This fee is what permitted the defendant to get out of jail and is completely earned once the defendant is no longer in custody. For instance, if the defendant gets rearrested a few days after, you get no portion nor a refund of any money. On the other hand, if the bondsman does not live up to his end of the contract, then and only then can you ask for a refund of some kind. Visit this website for more info!