4 Types Of Bail Bond Services
There are 4 different kinds of bail bonds used widely in the industry whether you believe it or not. On the other hand, this can slightly differ depending on the city, state and jurisdiction to which the bonding is taking place. Surety bonds, cash bonds, federal bonds as well as immigration bonds are actually the 4 most common heard of bail bonds used to get a release. In the next paragraphs, you’re going to learn about how each type of bail bond works.
Number 1. Cash bonds – when the family, family member or defendant has requested to pay cash for the bail, this bond takes place. The money paid for the bail will be returned in whole as soon as the defendant completes probationary terms required of their arrest and showed up to all court hearings. This type of bail however isn’t for everyone as it often cost thousands of dollars. The cash to be paid can instead be saved for immediate and important needs than getting a release from jail. This type of bail however is pretty popular option among celebrities, elite persons, professional athletes and several other exclusive groups.
Number 2. Surety bonds – yet another sought after option with regards to getting a release from jail. This bail bond works when a person is arrested and taken custody, another individual or themselves may contact an indemnitor like a bail bondsman to help them in the bail process.
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These bail bonds normally include some kind of collateral for the bail amount required. This is primarily because of the reason that the accused will be released on bail and will have ongoing court stipulations like counseling as well as drug testing that should be completed or else, the indmnitor will take the responsibility of the entire bail amount. This type of bail bond is actually the most popular choice among general population.
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Number 3. Federal bonds – these are not as popular as what the couple of bonds that are mentioned earlier. This is because of the reason that they’re used only in case a person has committed a federal crime. These crimes may include tax evasion, kidnapping, embezzlement, aircraft hijacking, bank robbery, counterfeiting and so forth. These bonds are expected to be more expensive than the typical bail bonds available due to the gravity of the case.
Number 4. Immigration bonds – this one is self explanatory and they are more complex than what an average person thinks. These are the crimes for foreign nationals and quite expensive in price as well because they require the bail bondsman to take on greater risks.