Bail Bonds: A Quick Guide
Some of us would often hear from conversation or news reports regarding the term bail, and someone would pay the court and return to hearing after two or three weeks. We sometimes ask ourselves, what does really bail means? Not all of us are familiar with this term together with the bail bond. We can always search the internet to know the basic meaning of this term and how it works in our society. To give you a background on bail, when someone is arrested for a suspected crime, he or she will be taken to the police station and will be taken a mug shot. He or she will be detained in prison by the law enforcement until he or she submit a bail or bails out.
The term bail means it is a financial arrangement between the suspect and a bail bond agency. A bail bond agency will act in behalf of the defendant by arranging with the court to have the defendant released from jail temporarily until his or her court hearing. This will be in exchange for a money or collateral. The value or amount of the bail will be determined by the court.
There is a bail bondsman who is acting in behalf of the agency so that he or she can work out the temporary release of the defendant in exchange for a collateral or sum of money. The bail bondsman earns a profit by charging an interest of usually ten percent on the sum of money given by the court as the bail amount. The 24 hour bail bonds service will now charge that fee to the defendant. The initial charge or fee given by the bail bondsman to the defendant is not refundable even if the defendant has been convicted with a crime after the trial or court hearing.
To ensure that the defendant will pay the agency, the bail bondsman usually takes out some of the assets of the defendant for financial security purposes. If the defendant does not have the assets, the relatives or families will provide the assets that bail bondsman need before coordinating with the court. If in case, the defendant will not appear in the court hearing, the bail bondsman has the right to hire a bounty hunter to run after the defendant or the 24 hour bail bonds bondsman can also sue the defendant because the money was given already to the court.