Bail Bonds are a way to get someone out of jail if they are facing charges. If the person is not able to pay their bail, the bail bond agent, also known as a bail bondsman, can step in to help. He or she acts as a surety and pledges money or property as bail.I strongly suggest you to visit Apex Bail Bonds in Lexington to learn more about this.
If a defendant is unable to pay bail or is unable to appear in court, the bond agent can employ a bounty hunter to bring the accused back to court. This agent is paid a percentage of the bond amount, but can use excessive force to secure the defendant. Many states have no laws against these bounty hunters.
If the defendant fails to show up for court, the court forfeits the bond. It is up to the bail agent to return the defendant to the jurisdiction within a specified amount of time, otherwise the court will forfeit the bond. This means that the person who took out a bail bond will lose the collateral and face additional penalties. The court will also set the amount of bail, which is determined at a bail hearing. The judge will examine the details of the case, as well as the nature of the crime.
The cost of bail bonds is set by state law, and can be as high as ten percent of the bond amount. In addition to the premium, a bail bond company may also require collateral such as a home or a car. This collateral is used to secure the bail bonds loan. If the defendant does not appear in court, the bail bond company would lose their collateral and their money.
There are two types of bail bonds: secured bonds and unsecured bonds. If the defendant is unable to pay his or her bail, an unsecured bond is used instead. In this case, the defendant will pay a certain amount of money to the bonding company as a guarantee for future court appearances. Secured bonds, on the other hand, require a third party to provide property or cash as collateral.
In order to secure a bail bond, the person must be 18 years of age and be employed in a gainful occupation. They must also provide a valid identification and a pay stub. The number of signers required for a bond depends on the amount of money the defendant makes. If the defendant cannot pay the bond, the lender may sell the property to recover the money owed.
Bail bonds can be an important way for a person to get out of jail. In some cases, the defendant may have family members or friends who can put up collateral for a bail bond. In addition, their friends and family can help them remember to show up in court, which can prevent them from missing a court date.