Ever heard about bailbonds? It actually allows the defendant to post a bail that he or she would not have been able to afford it. It’s actually the bail bondsman who posts a full amount on the defendant’s behalf.
The defendant also pays the bail bondsman the percentage of the bail amount.
It’s usually 10 percent and the payment is nonrefundable. The bondsman also secures the bond that comes with a collateral.
Understanding Bailbonds
It’s a payment in court by the bail bonds company, also known as a surety bond. The bail is actually the amount of money that the defendant post to be released from the jail before the trial.
One the defendant posts bail, then he or she must appear in court and complies with terms of his or her release. Of course, the bail money will be refunded. And if the defendant fails to appear in court, the full bond amount will be forfeited.
Process of Bailbonds
When the judge sets a bail, the defendant can then contact the bail bondsman. They are also known as bail bond agent and requires the defendant or relative to pay the percentage of bail amount.
The usual rate is 10% and once the bondsman has the payment, it could start the processing of the release. The bond agent will also secure the remainder of bail amount that also comes with collateral.
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