The Different Types of Bail Bond Services
As a matter of fact, bail bond services fall into four different types however, they can vary slightly depending on the state, jurisdiction and city to which this service is filed. The 4 most used bond services used to help a person have a temporary release from jail are cash bonds, surety bonds, immigration bonds and federal bonds.
Needless to say, every type of bond comes with a different purpose and use like what is mentioned earlier. I strongly suggest that you keep reading if you like to learn more about this.
Number 1. Cash bonds – these bonds are used in instances when the family members, friend or defendant themselves requested to pay their bail in cash. As soon as the defendant has completed the requirement for their probationary terms of arrest and has showed up in all court hearings, the money will be returned in whole. On the other hand, this bail easily costs around a thousand backs which is why it is not for everyone.
The truth is, this cash can be saved for an immediate or more significant needs rather than using it to get a release from jail. This bond type however is a more popular option amongst the elite, professional athletes, celebrities and several exclusive groups.
Number 2. Surety bonds – this is another well known option when it comes to obtaining release from jail after arrest. In surety bonds, it works when a person is arrested and is taken into custody, they or another person may contact professional indemnitor like a bail bondsman to help with the bail process.
Fact is, these are the types of bail bonds that include collateral for the amount of bail required. This is because of the reason that the person who is about to be released will have court stipulations ongoing similar to counseling and drug testing that has to be completed or perhaps, the indemnitor wil take responsibility of the entire amount of bail.
Number 3. Federal bonds – in comparison to these, they’re not actually as popular as what mentioned earlier. This is due to the fact that they’re used only in case of federal crime like tax evasion, bank robbery, embezzlement, kidnapping, counterfeiting, aircraft hi-jack and a lot more. For good reasons, these bonds are more expensive in comparison to other types of bail bonds discussed.
Number 4. Immigration bonds – this one is a bit self-explanatory however, it is more complex than what average people think. They’re complicated as they’re intended for crimes that are involving foreign nationals and much like federal bonds, they’re pretty expensive as it is requiring the bail bondsman to take greater risks.
Advanced reading: https://wildlycolorfulobservation.tumblr.com/