What You Need To Know Before Calling on a Bail Bondsman
If you have been arrested by the police or other law enforcement officers, chances are high that you will be detained in jail. Once the paperwork for your case has been prepared, you will be arraigned in court where a judge sitting on the mater will have your charges read to you. You have a choice to enter the guilty or not-guilty plea after which your bail application will be read. Your bail application is the beginning of the decision as to whether you will be allowed to go home or returned to custody. If your bail application has been granted, you have two options, to either pay the amount stipulated in cash or choose bail bonds.
Getting your bail application granted depends on several factors. These factors also affect the condition that will be set for your bail. A judge will often consider whether or not you have had a prior criminal record as well as the offense you were arrested for. The judge will also consider whether you are a threat to yourself or the community as well as whether you are a flight risk. People who are considered a flight risk tend to skip town in a bid to evade justice. If, after all of these factors have been considered, you are granted bail, then you need to act fast. If you and your family members are unable to raise the amount stipulated, you can reach out to a bail bondsman.
Bail bondsmen act as sureties. Their job is to offer you the money needed to guarantee your release from jail. Unlike the bail process where you have to pay the entire amount demanded by the court, a bail bond allows you to pay a certain percentage of the amount to the bail bondsman who then helps to secure your release. The major difference between a bail bond and bail is that you do not get back the certain percentage paid to the bail bondsman to secure your release. However, you can get back your total bail amount after the case has been completed if you had paid the court directly to secure your release.
Bail Bonds Are Loans
Many people who have been let out of jail after securing bail bonds often believe that the only requirement for securing their bail bond is the premium that was paid. However, this is not totally true. A bail bonds company that has secured your bail has instead offered you a loan to make up the premium paid. For example. If your bail amount was set at $100,000 and the bail bond company has agreed to take 10 percent of your bail amount as a premium, you’ll be paying $10,000 to secure your release.
However, the bail bond company, through your 10 percent payment is agreeing to front the remaining 90 percent of the bail amount provided you agree to show up in court on your court dates. If you miss any of the court dates with no due notice, you may be re-arrested and put in jail thus forfeiting the amount paid in premium.
You May Not Need a Bail Bond
In some cases, you may not have to trouble yourself to look for a bail bond company. Other options, including properties, can be offered up to the court to secure your release. However, the court will make sure that those collaterals you have offered up are the same or higher in value compared to the bail condition that has been set. In essence, if your bail condition has been set at $20,000, you can offer up your vehicle or home as long as it is worth $20,000 or more.
Other properties that can be offered in the place of cash payment include Real Estate, Bonds, Stocks, and Bank accounts. However, make sure that the defendant shows up in court throughout their court case. Failure to do so can cause you to forfeit the amount paid in bail.
Bail Bond Fees Are State-Regulated
When you are in a position where you need to obtain bail bonds, whether, for yourself or others, chances are that you may be looking for the best deals. Unlike other services that you may be able to negotiate their price, bail bond prices are state-regulated. This means that each state has certain benchmarks that have been set for bail bond companies to follow in terms of pricing. With this in mind, bail bond companies may choose to stick to the benchmark or to slightly increase the price of their service.
You Are Responsible for the Defendant’s Appearance in Court
If you have signed or co-signed a bail bond for a defendant, it has become your responsibility to make sure that the premium is paid and that the defendant who is out on bail returns to court at the set dates. As a co-signer, the bail bond company will inform you of your responsibilities. If the defendant skips town or fails to show up in court, you may be held liable and asked to pay the full amount demanded in bail by the court.
To ensure that you remain on the right side of the law, it is recommended that you take adequate steps to remind the defendant of their court dates and why they should be there. You should also encourage the defendant to spend as much time at home or doing positive things. This is because if another arrest is made while the defendant is out on bail, the first bail and whatever amount was paid towards it becomes null and void.
Getting bail bonds is a great way to save money and also ensure that your loved one who has been arrested walks free. However, be sure to ask as many questions as possible from your bail bondsman before signing the documents. To learn more about bail bonds and how you can benefit from them, visit https://sanangelobonds.com/
Freedom / Libertad Bail Bonds
1104 N Chadboune
San Angelo Texas 76903
Find us on Social Media