The True Meaning of Bail Bonds
Being arrested doesn’t get better with time. A procedure known as Arraignment is done, where a speculate must confront a estimate after the initial booking and holding cell placement. At that time, the estimate will hear the charges and will ask the detainee to go into a plea. If it is ‘not guilty,’ then there will be a formal trial. This date could be in months or years away, the estimate must then decide if the accused person is trustworthy enough to keep out of custody before the trial starts.
In order for the court to get a financial motive in return, it usually ask for a bail money and it depends on how serious the charges are. For example if a person is charged with murder, he may be given a US $500,000 bail, this method that the person is liable for the said amount and if he fails to appear in the court. Most people cannot provide the amount of the bail, so what they do or their families does is to do a contract with a specialist called a bondsman to position for bail bonds.
A bondsman or a bail bond agent is a person or a corporation that acts as a surety and character or potential money as bail for the turn up of a criminal defendant in the court. Although insurance companies, edges and other institutions are usually the sureties on this types of contracts, for example, to bond a contractor who’s under a contractual obligation to pay for the completion of a construction project, such entities are reluctant to put their depositor’s or policy holder’s funds at this kind of risk involved in posting a certain bail bond. While however, bail bond agents are usually in the business to cater to criminal defendants, often securing their customer’s release in just a few hours.
There are a lot of bail bond agents here in United States. In other countries bail is usually more modest and the practice of bounty hunting is illegal. There are a lot of people deliberately skip town after posting their bail bonds, there is also a need for a rare occupation called a bounty hunter. Bounty hunters are private individuals, who can be hired by bail bondsmen to track down and return those clients who failed to appear in court.
Because bail bonds issued by private bail bonding agencies can be non-refundable and very expensive, many court systems have produced another way for accused people and their families. In lieu of the complete bail bond, a 10% cash amount can also be accepted by the court directly. This is the same situation that creates the need for a bail bondsman in the first place, but with families with the method to generate a certain amount of money no longer has to go by an intermediary. basically, bail bondsman works much like other high-interest, short-term, lending institutions. And the repayment terms can be brutal.
Several states in the United States has already banned the practice of bail bonds, and more may follow in the near future. The financial disadvantages to the person accused to the crime and his or her family seem to outweigh the possible benefits of release until trial. The 10% cash bond option issued by the court can be refunded as long as the accused appears in court without incident. Bail bonds issued by private sectors or companies may have already more stringent conditions, since the bail bondsman will be held financially responsible for the complete bail amount if clients should fail to appear.