You can get two types of bonds when facing jail time for a crime. These are Surety Bonds and Property Bonds. They cost you money and come with a certain amount of risk. However, you will get your money back if you do not end up incarcerated.
Surety Bonds
There are more than 50,000 types of surety bonds in the United States. These bonds protect consumers and government entities from fraud and malpractice. They also ensure that businesses follow certain regulations.
The requirements for surety bonds vary from state to state. Some states do not require agents to purchase surety bonds from insurance companies. However, they usually must pay into a fund maintained by a secure financial institution. For the bail bond industry, it is important to maintain professionalism. This is in the best interest of the public. Bail agents should network with law enforcement. Creating a website, business card, and newspaper ads is also a good idea.
Property Bonds
Property bonds such as in Luzerne County bail bonds are one way to secure a defendant’s appearance in court. They require a lot of paperwork and can take a long time to process. However, there are some perks.
A property bond is similar to a cash bail in that the defendant is required to put up collateral to secure their release. The collateral may be a deed to their home, a passbook for a savings account, stock options or certificates of deposit. It’s important to note that property bonds are only available in some jurisdictions. This is because not all courts require the same type of documentation. Moreover, they are not as convenient as standard cash bail bonds.
Cost
The cost of bail can be a bit of a drag. Fortunately, there are many alternatives to pay off your fine. Aside from the typical check, you can also offer collateral or leverage your assets. For instance, if you own a car, you might be able to borrow money to cover your bond. You can also contact your local jail facility to inquire about a potential bond. Alternatively, you might even be able to use the internet to find a reliable local bondsman. There are two main types of bail: non-refundable and refundable. If you’re incarcerated, you’re probably wondering how to pay off your bond, especially if you’ve been charged with a crime. While your chances of being free are slim, the court will probably consider your financial situation when determining your release date.
Refund Upon Favorable Disposition
Bail bonds can be a costly affair. Before embarking on a journey to the local bail bond parlor, be sure to conduct a bit of research. For example, what are the legal requirements and is the agent on hand licensed and insured? Also, what is the monetary value of your property? One of the best ways to find out is by contacting a local jail facility. Once you know the answers to these questions, you can proceed to the next step. This includes hiring a competent bail bond agent. You can also go the insurance company route, but be sure to have the paperwork in order. After all, it will be your money! The good news is a bail bondsman is usually more than happy to oblige.
Risk Of Co-Signing
When considering co-signing a local bail bond, there are several risks that you need to be aware of. Some of these risks include the possibility that the defendant will skip court. You may have to pay for the entire bond amount if this happens. The defendant must abide by the terms of the bail bond, which can include regular check-ins and an agreement to attend a drug treatment program. If the defendant does not comply with these conditions, the bondsman will return the defendant to jail. Co-signing a bond is a process that requires a lot of communication between the bail bondsman and the defendant. Both parties need to know what their responsibilities are. In addition, the co-signer should be able to insist on specific terms of the release.