The Most Used Bail Bond Services
Bail bond services have four major types and these are used widely in the industry however, you ought to know that this service is varying a bit on the city, state and also, jurisdiction where it’s filed. Cash bonds, surety bonds, immigration bonds and federal bonds are the four most used types of bond services to help a person get their temporary release.
Like what’s mentioned earlier, every bond has different uses and purpose. I strongly suggest that you keep reading if you like to learn more about this.
Number 1. Cash bonds – cash bonds are used in situations when the friend, family members or defendant himself has requested to pay cash for the bail. As soon as the defendant has completed the requirement for their probationary terms of arrest and has showed up in all court hearings, the money will be returned in whole. However, you should know that this is not recommended as bail because it costs thousands of dollars.
As a matter of fact, this cash may be saved for more significant or immediate needs instead of using it to obtain release from jail. This bond type however is a more popular option amongst the elite, professional athletes, celebrities and several exclusive groups.
Number 2. Surety bonds – this is yet another very popular option with regards to obtaining release from jail following arrests. When talking about surety bonds, when someone is taken into custody, another person or themselves can contact professional indemnitor similar to a bail bondsman to assist them with bail.
Fact is, these are the types of bail bonds that include collateral for the amount of bail required. This is because of the reason that the person who is about to be released will have court stipulations ongoing similar to counseling and drug testing that has to be completed or perhaps, the indemnitor wil take responsibility of the entire amount of bail.
Number 3. Federal bonds – in comparison to the bond types mentioned above, these aren’t get much popularity. This is because they are only used in case of federal crime similar to tax evasion, bank robbery, embezzlement, kidnapping, counterfeiting, aircraft hi-jack and many more. So don’t be surprised if these bonds are a lot more expensive when compared to other bail bonds available.
Number 4. Immigration bonds – this one is a bit self-explanatory however, it is more complex than what average people think. This is complicated because it is made for crimes that involve foreign nationals and like federal bonds, the bail bondsman takes bigger risks and thus, it is expensive.
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