Discovering The Truth About Bonds

4 Types Of Bail Bond Services Whether you believe it or not, there are 4 types of bail bonds used widely in the industry. On the other hand, this can slightly differ depending on the city, state and jurisdiction to which the bonding is taking place. In getting a release, the 4 most common heard of bail bonds used are surety bonds, cash bonds, federal bonds as well as immigration bonds. You’re going to learn about how each type of bail bond works in the next lines. Number 1. Cash bonds – this bond is used in a scenario in which the family, family member or defendant has requested to simply pay cash for the bail. Assuming that the defendant was able to complete the probationary terms required of their arrest and showed up to all court hearings, the money paid for the bail is returned in whole. This isn’t an advisable option as bail is typically thousands of dollars. Than getting a release from jail, the money can be saved instead for doing immediate and important needs. However, this type of bail is quite popular option among celebrities, elite persons, professional athletes and several other exclusive groups. Number 2. Surety bonds – another sought after option when talking about getting a release from jail. This particular bail bond works when someone is arrested and taken custody, another individual or they themselves might contact an indemnitor such as a bail bondsman to assist them in the bailing process.
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These bail bonds normally include some kind of collateral for the bail amount required. This is mainly because of the reason that the individual being released on bail likely have ongoing court stipulations similar to counseling and drug testing that should be completed or else, it is the indmnitor who will take the full responsibility of the entire bail amount. This type of bail bond is actually the most popular choice among general population.
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Number 3. Federal bonds – these are not as popular as what the couple of bonds that are mentioned earlier. This is due to the reason that they are only used in case that a person has committed federal crime. These crimes may include tax evasion, kidnapping, embezzlement, aircraft hijacking, bank robbery, counterfeiting and so forth. With the gravity of the case, these bonds are expected to be more expensive than common bail bonds available. Number 4. Immigration bonds – compared to what an average person thinks, this is actually more complex. These are crimes for foreign nationals and pretty expensive in price as they require the bail bondsman to take on greater risks.