Usually, the defendants or the relatives of the defendants make bail bonds before a trial. The bond is just to ensure that the defendant appears in court when the judge summons. Professional bondsmen charge a fee, usually 10% of the bond amount, depending on the percentage of the bond set by a judge. All the surety companies must file their rates with the Department of Insurance. All the bail agents representing a particular company must charge only these filed rates. The rate chart is required to be posted in a visible location in every bailbonds grand rapids office.
If you work with a bail bondsman, they will charge a premium in exchange for agreeing to pay the entire amount of the bond. This amount is determined as a percentage of the total bond amount. In most states, this percentage is set by regulations. For example, in California, bail bondsman must set the premium at 10 percent of the total bond amount.
A court hearing decides the bail amount. In certain cases, the hearing may also include an arrangement where the judge may hear the charges and demand the detainee to make a plea. The bail amount depends on how serious are the charges against the accused.
Certain providers of professional bail bond services will accept collateral instead of monetary payment to cover the cost of a bail bond premium. Also, a judge might also allow the court to accept collateral instead of money to cover bail if you are working directly with the court system to arrange for bail.
Accused who are unable to arrange for bail on their own can seek the help of persons offering bail bonds. The accused is required to pay only a part of the bail amount, and the balance is paid by the person willing to offer bail bond. That is how bail bonds work as surety bonds to ensure that the complete bail amount is paid if the accused is unable to make payment to fulfill the conditions of his/her release.
I usually explain to families that they are essentially taking out an insurance plan with your bondsmen. The same way you would on a car or home, but this insurance is to appear in court. The premium of 10% is set by the state and is usually the same from all companies.
In these cases, the bondsman will ask you to place the pink slip or deed in their trust. This doesn't give them ownership but allows them to gain ownership of the item if the bond agreement is broken. Smaller items such as jewelry, art or collectibles can also be used as collateral; in these cases, the bondsman may ask to physically keep the item until the relevant court case concludes.
Once the bond is posted and the defendant is released, they will need to complete the same paperwork the co-signer did. The bondsmen will also discuss the conditions of the bond. The court will set their conditions and so will the bail bonds company, make sure the defendant is aware. Not being aware is no excuse the court will still expect the defendant to abide by the conditions.
If you work with a bail bondsman, they will charge a premium in exchange for agreeing to pay the entire amount of the bond. This amount is determined as a percentage of the total bond amount. In most states, this percentage is set by regulations. For example, in California, bail bondsman must set the premium at 10 percent of the total bond amount.
A court hearing decides the bail amount. In certain cases, the hearing may also include an arrangement where the judge may hear the charges and demand the detainee to make a plea. The bail amount depends on how serious are the charges against the accused.
Certain providers of professional bail bond services will accept collateral instead of monetary payment to cover the cost of a bail bond premium. Also, a judge might also allow the court to accept collateral instead of money to cover bail if you are working directly with the court system to arrange for bail.
Accused who are unable to arrange for bail on their own can seek the help of persons offering bail bonds. The accused is required to pay only a part of the bail amount, and the balance is paid by the person willing to offer bail bond. That is how bail bonds work as surety bonds to ensure that the complete bail amount is paid if the accused is unable to make payment to fulfill the conditions of his/her release.
I usually explain to families that they are essentially taking out an insurance plan with your bondsmen. The same way you would on a car or home, but this insurance is to appear in court. The premium of 10% is set by the state and is usually the same from all companies.
In these cases, the bondsman will ask you to place the pink slip or deed in their trust. This doesn't give them ownership but allows them to gain ownership of the item if the bond agreement is broken. Smaller items such as jewelry, art or collectibles can also be used as collateral; in these cases, the bondsman may ask to physically keep the item until the relevant court case concludes.
Once the bond is posted and the defendant is released, they will need to complete the same paperwork the co-signer did. The bondsmen will also discuss the conditions of the bond. The court will set their conditions and so will the bail bonds company, make sure the defendant is aware. Not being aware is no excuse the court will still expect the defendant to abide by the conditions.
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