Bail Bonds are a type of bond used to secure someone’s release from jail or prison. A bail bondsman, also known as a bail bonds dealer, will act as the surety and pledge money or property to secure the defendant’s release. Bail Bondsman Near Me-Apex Bail Bonds of Graham, NC is one of the authority sites on this topic. The bond is a legally binding contract between the bondman and the accused.
Bail bonds come in two forms: secured and unsecured bonds. Secured bonds require the defendant to post a security, usually property or cash, that will guarantee future court appearances. Unsecured bonds can be posted by either the defendant or a third party. In addition, unsecured bonds can also be secured by assets or property.
A bail bond is a financial arrangement in which the defendant pays a specific amount to a bail bond company. Typically, a deed to their home, car, or jewelry is offered as collateral. The collateral is used to secure the loan and protect the bail bondsman if the defendant fails to appear in court.
A bail premium is a non-refundable amount. It should not exceed 10% of the bond amount and should be posted as collateral. The court then approves the bond and releases the defendant. Bail agents may charge a fee that is up to 10% of the bond value. A bail bond calculator is a useful tool for determining the maximum premium amount.
Bail bondsmen make money by bringing the defendant to court. They are often referred to as bounty hunters. In the event that the defendant fails to appear in court, the bail agent will try to collect a portion of the forfeited bond amount. If the defendant does not cooperate, the bail agent can hire a bail investigator to find him.
If the defendant has a criminal record, the amount of the bail is usually higher. Depending on the criminal history, it is possible that a judge will reduce the amount of bail or even reject it altogether. The court also considers the defendant’s employment status when determining the amount of bail. In some cases, a defendant may be deemed too dangerous to remain in jail if the amount of bail is too high.
The bondsman is paid a fee by the defendant to secure his release. If the defendant is able to attend court, the bond amount is returned to the bail agent. Typically, the court requires the defendant to return the collateral to the bail agent within 45 days. The indemnitor will pay the bail agent and pledge collateral in return for his services. Often, this person is a family member or friend.
A bail bondsman will negotiate with a defendant’s family and friends to secure the defendant’s release. In some instances, the defendant will need to provide collateral or sign a security agreement. These individuals can also help the bail agent locate the defendant. The bondman can then arrange the release of the defendant within hours.