What You Need To Know About How Bail Bonds Work When a person is arrested and goes to jail, something that you can use to get them out of jail while they wait for their trial would be bail bonds. This financial duty will help make sure that the person will appear in court. After the accused person will sign, he or she will be obliged to show up in court later on. This is a legal document that is from a licensed agent and will be given to the court instead of money. After the court obtains the legal papers, they would let the accused go free to await their case in court. When getting this bail, there are fees involved. There are different costs per state because of the different laws they also have. The amount set by the court in order to release the accused would be the basis for these fees charged ranging from around 8% to 15% or more. Fees being charged by licensed agents are usually regulated by the state. The fees that are being regulated would make them not be excessive, unfairly discriminatory, or not adequate. Some states won’t have a fixed maximum allowable premium being charged. Private agents are not available in all states. When there is no cash involved, collateral can be used in order to give a licensing agent. There are different collateral involved depending on the private office. Some offices will have their own standards on which collateral can be accepted. Normally, collateral will involve real estate, cars, jewelry, stocks, and bank accounts. You can also use credit cards and personal credit as some other form of collateral.
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If the accused would not attend their court appearance, the collateral that is being used with the licensed agent could be lost. Every state would have various options to remedy the situation. The licensed agent will be informed when a person would miss a court appearance and the legal paper would be on a default. It is important to have a bench warrant for the arrest of a person. In order for the default to be lifted, the person would be given a grace period to give him enough time to turn themselves in.
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Once you pay a minimum for bail bonds, you won’t receive that money back. After they are out of custody, the agent will get the fee since the fee was used to get the accused out of jail. This fee would not be refunded to you. The fee is being earned by the agent when they provide their service. Their job is to take care of the accused and make sure that they would go the court during their scheduled appearance. You can have an in depth knowledge of bail bonds and you would also know the risks involved. It is helpful to know the processes when it comes to bail bonds and releasing someone from jail.

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