Bail is the release of an accused person while waiting for a court hearing. The bail bond is bail money paid by a bail bond company to secure the temporary release of the criminal. Although bail and bail bonds have similar objectives, they are different. The disparity is brought about by the difference in the source of money. If you or someone you know has ever needed a Memphis Tn Bail Bonds, here is how it works.
How Bail Bonds Work
First, the judge sets the bail amount. If the defendant cannot pay the amount required, he can request the services of a bail bondsman. He will pay a 10% fee plus collateral, which must be of the same worth or value as the remaining bail amount (90%). If the defendant shows up in the court hearing, the bail bond will be lifted, and the bail bondsman will retain the 10% as profit. If the defendant fails to appear in court on the set date, the court will require payment for the remaining 90% of the bail. At this point, the bail bondsman will use the collateral from the defendant to pay the remaining bail amount.
Types of Bail Bonds
There are different types of bail bonds, and these are explained in detail below:
1. Immigration Bail Bond
This type is used by people who are not US citizens. Because of the insufficient legal information of the defendant, An experienced bail bondsman should be hired for the job so you can identify the best bail bond for your situation.
2. Property Bail Bond
Most countries do not accept this type of bond. However, it is allowed in California. In this case, full privileges of the property must be granted as collateral. Property bonds usually take longer to secure because the court needs time to evaluate the value of the property.
3. Federal Bail Bond
Federal bonds are applicable for criminals who commit federal offenses. One unique attribute of this type of bond is that it does not involve a bail bondsman. The bail transactions are done directly in the court, and you can pay using property or cash.
4. Surety Bail Bond
The surety bond helps you get out of court even if you do not have the bail amount. The bond usually involves a bail bondsman guaranteeing that they will be the one to pay the bail if the defendant fails to appear in court. The bail bondsman receives 10% of the bail amount from the defendant who promises to show up in court on the expected date.
5. Cash Bail
The bail is paid in cash. Any bond can be paid in cash. Many courts usually refuse to accept other forms of payment for this type of bail. The court often sets an excessively high amount to make it impossible or difficult for high-profile criminals to pay so that they do not flee the country.
6. Citation Release
This bond is issued when the arresting officer fails to take the suspect to court or when suspects engage in minor crimes such as violation of traffic rules.
Acquiring bail bonds is advantageous for the defendant. First, these are cheaper since the defendant does not need to pay the full bail amount. Second, it is more convenient and less stressful since the bail bondsmen will take care of the paperwork. All you need to do is appear on the scheduled court date.
In conclusion, understanding the bail process and how bail bonds work is essential in ensuring that you select the best type of bail bond suitable for your situation. However, to get a hassle-free bail bonding experience, you must choose the best bail bonds company.