The purpose of bail bonds is to help defendants post bail when they otherwise could not. The defendant doesn’t have to come up with any money at all; the mercer county bail bonds do that. Bail bondsmen typically charge 10% of the total bail amount, which is paid by the defendant. There will be no return of this cash. In most cases, the bondsman will want collateral to back up the bond.
What is a bail bond?
A bail bondsman posts money with the court in favor of an accused criminal. As such, it may be classified as a surety bond.
The offender must pay the bail sum in lieu to be discharged from county prison pending trial. The whole bail money will be lost when the defendant does not show up for their court appearance. Defendants who are in a tight financial spot might use bail bonds to help them post bail.
The bail bond may be used by defendants to post bail. That way, they can get out of prison while they wait for their judgment. Yet, offenders must pay a certain proportion of the total bail sum to obtain a bail bond. That proportion, unlike bail, is not refunded when the defendant meets all conditions of pretrial detention.
What is the procedure of the bail bond?
Following the judge’s bail determination, the accused may make contact with a bail bondsman. A debt collector (also called a bail bond operator) will ask the defendant (or a family member) to pay a certain proportion of the total bail sum. The standard rate is 10%.
A bail bond agency will frequently arrange for collateral to cover the remaining portion of the bail sum. Within that case, the defendant must sign a contract that would have their assets seized if they failed to appear in court and pay the remaining bond sum.
The bondsman would post bail for the prisoner after they have obtained the fee and are pleased with the security.
Most certified bail bonds companies will work with defendants to set up payment arrangements and accept a variety of payment methods when the defendant is not able to clear the full amount of the bond upfront. All major debit and credit cards as well as cash are acceptable forms of collateral.