Must Know Facts About About Bail Bonds
Bail Bonds are a legal way for an individual to obtain release on a court-ordered bond. A bail bondsman, also called a bail bonds dealer, acts as a surety by pledging money or property as bail for the individual. The bail bondsman or dealer then remits the bail money or property to the court on behalf of the accused. Have a look at Apex Bail Bonds of Greensboro, NC for more info on this.
To obtain bail, a defendant must first find a way to pay for the cost of the jail stay. If they are unable to make the payments, they may have personal items seized as evidence. In addition, they may be asked to hand over large sums of cash as evidence. Fortunately, some jail locations accept credit cards, although many charge high fees for the privilege. To avoid these fees, defendants can hire a bail agent to help them pay the bond. Relatives or friends can also contact bail agents to help them with the financial portion of the bail.
In many cases, a bail bondsman may offer you a lower bail amount than what the judge has set. In these situations, your lawyer can negotiate with the judge to reduce the bail amount. However, if you are the co-signer, a bail agent might be your best option. In some cases, your lawyer may be able to negotiate with the judge for a lower bail amount, which could save you a large amount of money.
A bail bond will allow you to get out of jail until your court date. Bail acts as collateral and ensures that the defendant will appear in court. The amount of bail varies by jurisdiction, type of crime and flight risk. If you fail to appear in court on your bail date, the court will keep your deposit. Otherwise, a warrant of arrest will be issued.
In some cases, the court can order a bail bond company to seize your assets as collateral. This can be your home, your car, or other valuable property. If you fail to appear in court, you may become homeless. However, this is necessary for the bail bond company to stay in business. So, it is important to understand all of the terms and conditions of bail bonds before signing on the dotted line.
Bail bonds can be either unsecured or secured. Unsecured bonds are generally less expensive than secured bonds, and your financial security is guaranteed by the bail bond company. Secured bonds are backed by a third-party, or insurance company. If your property is lost, you may be able to reclaim it by selling it.
A bail bondsman must be licensed by the state in which you live. This licensing agency requires bond agents to undergo training and submit periodic financial reports to the state government. They must also complete at least 20 hours of training to become licensed. The training courses cover the financial aspects of the bail industry and how to keep records. They also teach about confidentiality requirements, potential conflicts of interest, and the use of force.