The process of posting a bail bond entails a contractual undertaking guaranteed by a bail agent and the individual posting bail. In such case, the bail agent offers a guarantee to the court that the defendant will appear in court each and each and every time the judge demands it. Hence a bail bond is an obligation signed by those that have been accused of a crime to secure their presence in the court when summoned.
The bail agent charges a percentage of the bail amount from the defendant for this service. So, one benefit of the bail bond is that this obligation ensures that the accused will lose money if he or she doesn’t appear for the trial. The defendant or someone related to the defendant contacts the bail agent to arrange to post bail, resulting in the release of the defendant.
Generally, a relative or perhaps a close friend of the defendant will post bail and co-sign. Nevertheless, the co-signer or the person contacting the agent for bail bonds should guarantee to pay the full quantity of bail if the defendant doesn’t appear in court, before the bail bond can be posted.
Sometimes the bail agent doesn’t need collateral to post the bail. An individual can be bailed out from jail having a signature of a friend or a relative. Nevertheless, co-signers usually must be employed and must either own or rent a home in the same region for some time. Following the agreement is signed, the bail agent posts a bond for the quantity of the bail, to guarantee the defendant’s return to court.
The co-signer holds a lot of responsibility when entering an agreement with the bail agent, in that if the defendant fails to appear, the cosigner is immediately responsible for the full amount of the bail. Also, if the bail agent searches for after which finds the defendant, the cosigner is again responsible for all expenses the bail agent has incurred in the procedure.
In some states, the court permits the release of defendants following they pay ten percent of the bail bond quantity directly to the local jail or court. But this is only in certain cases wherein the defendant can’t raise the whole bail amount at 1 time. Nevertheless, in other states, defendants can arrange for the whole bail quantity via a bail bondsman.
But in this case the defendant or the co-signer requirements to sign over a collateral. The bail bonds process is then comparable to that of the other bail agents. The collateral is returned to the defendant after the court summons are finished and the case is closed. This indicates that the bail bond is discharged or exonerated.