What is bail bond?
A bail bond is a legal agreement or contract between a bondsman and an individual or entity, commonly a relative or friend posting the bond. The bondsman will agree to either assign the bond directly (meaning they have committed to the post-closing funds being used) or through some collateral exchange. The amount of the bond is typically decided at the time of booking. Some bonds are post-closing, meaning the bondsman has committed to posting the funds on a set date.
What is the purpose of posting bail?
There are many reasons to post a bail bond. Typically, when a person is arrested, the court will set various scheduled court dates. The goal of posting bail is to make sure that the defendant appears in court on those dates. In many cases, if the defendant fails to appear in court, their bond may be revoked, and they may be held in jail until they post the proper bail amount.
Why is the court date set?
Court dates are set to allow the courts to maintain public order by having all procedures for a case going through smoothly. If a defendant does not show up on their scheduled court date, it is essential to post bail on time. If a defendant fails to post bail on their court date, it may result in them losing their right to a trial. They may also lose their chance to remain free while their case is proceeding through the court.
Who pays the bail bond?
Usually, bail bonds are paid from the proceeds of the bail bond. Sometimes they are paid from the proceeds of an insurance policy, but this is rare.
What is the process for posting a bond?
The bail process usually begins when the police department sends out an application for a bail bond. Anyone who wants to post a bail bond must first meet the requirements set down by the court. After completing all the requirements, the defendant will then be notified of his or her potential obligation. In most cases, the defendant will have to post a total amount of the bail-in cash or money orders before the court releases him or her.
Bail Bond is a Surety.
When you submit a bail bond, you are assured that you will appear before the court on the day of the hearing. When the bail bond is posted, a percentage of the total amount of the bond is paid to the court.
