bail bond



bail bond

 
What is Bail?
The ones who are arrested for serious offenses are put in jail unless they can pay bail. Bail is basically the amount or property that an arrestee or his/her family or friends give in order to guarantee that the arrestee will show up in court. An arrestee can release on bail for a number of offenses. However, bail is not possible in case of murder and certain other violent felonies. The amount of bail is returned if the arrestee appears in court. The Eighth Amendment to the US Constitution forbids too much bail. However, judges generally set very high bail for certain crimes such as rape or murder which acts as preventative detention and also keeps the arrestees behind the bars until a decision is reached.
 
What is Bail Bond?
In case arrestees fail to pay the complete bail amount they can buy a bail bond which is a guarantee by a surety or bond seller to give their bail. A bond is given to the court and in case the arrestees do not appear in court the court does not return the bond. This bond usually costs ten percent of the bail amount. The third party may require arrestees to furnish collateral for the bond and in case they do not show up, the third party keeps this collateral.
 
The Role of Bail Bond Agent
A bail bond agent is a professional who provides a loan for a criminal defendant in court. A bond agent plays a similar service as a bank. This agent requires an agreement with the local court systems to give a blanket bond that pays the bail of arrestees in case they do not show up in court timely. A bail bond agent also has an agreement with bank or insurance company to have access to funds outside their general work hours. Laws about bail bond agents vary from one state to another. These professionals must be licensed by the state as they work closely with financial institutions. Arrestees can get bail with the help of a bail bond man in case they or their family/friends cannot pay the complete bail amount on their own.
 

Firms for bail bond