There are a lot of new headlines and news that are always saying that a given person or so and so was released on bail. Therefore, so man y people are familiar with the word but very few people are actually aware of what it means. The word is at times through to stand for a bail bond which has never been the case as these two are different things. A bail bond is a surety that is paid or availed by a bonds-person or agent with intentions to secure and guarantee a release of a defendant from jail. This article acquaints you with some fundamental information about bail bonds in san diego and how they work.
There are two main types of these bonds; criminal bond and civil surety bond. The criminal bond is use in a criminal case to guarantee that the defendant will present themselves before the court whenever required. At the same time, this surety guarantees that the defendant will pay all kind of penalties or fees that are decided against them.
The second bond type is the civil surety bond and this tends to focus on the civil cases. This bond tends to avail an assurance and a guarantee that the accused will pay their debt in full. The debt incorporates all the interests plus penalties and fees as per the agreements.
The judge presiding on the case is the one to determine the figure that will suit these bails. However, there are people who would not manage to raise the amount set by the judge and instead of straining they are always faced with an option of working with a bonds-person. The bond-person demands a ten percent advance payment before they can avail the bond.
For the bonds-person to avail the remaining amount of money for the bails set there will be need for collateral. Therefore, the defendant must present enough collateral to the bonds-person. However, there are instances where the collateral presented is not enough and this will demand the bond-persons to communicate to friends and relatives of the defendant for to up or for more collateral.
Once the bond amount is ready, it will be presented before the court and the accused will be free to go home. However, there is need for the accused to appear always before the court whenever they are required to. There is an imminent danger where the defendant fails to appear before the court as the surety bond is forfeited. This means that the bonds-person will have to sell the collateral and present the ninety percent of the surety to the court.
A disciplined defendant who appears before the court will benefit once the case is over. After the case proceedings and a verdict is issued, the accused gets the collateral back. For the bond-person, the ten percent advance payment becomes their profit.
The above will enable you understand what bail bonds are. Also, you will manage to understand the roles played by the defendant and the bond-person. Whichever the case, the bonds-person is not prone to lose unlike the accused where they fail to appear before the court.
There are two main types of these bonds; criminal bond and civil surety bond. The criminal bond is use in a criminal case to guarantee that the defendant will present themselves before the court whenever required. At the same time, this surety guarantees that the defendant will pay all kind of penalties or fees that are decided against them.
The second bond type is the civil surety bond and this tends to focus on the civil cases. This bond tends to avail an assurance and a guarantee that the accused will pay their debt in full. The debt incorporates all the interests plus penalties and fees as per the agreements.
The judge presiding on the case is the one to determine the figure that will suit these bails. However, there are people who would not manage to raise the amount set by the judge and instead of straining they are always faced with an option of working with a bonds-person. The bond-person demands a ten percent advance payment before they can avail the bond.
For the bonds-person to avail the remaining amount of money for the bails set there will be need for collateral. Therefore, the defendant must present enough collateral to the bonds-person. However, there are instances where the collateral presented is not enough and this will demand the bond-persons to communicate to friends and relatives of the defendant for to up or for more collateral.
Once the bond amount is ready, it will be presented before the court and the accused will be free to go home. However, there is need for the accused to appear always before the court whenever they are required to. There is an imminent danger where the defendant fails to appear before the court as the surety bond is forfeited. This means that the bonds-person will have to sell the collateral and present the ninety percent of the surety to the court.
A disciplined defendant who appears before the court will benefit once the case is over. After the case proceedings and a verdict is issued, the accused gets the collateral back. For the bond-person, the ten percent advance payment becomes their profit.
The above will enable you understand what bail bonds are. Also, you will manage to understand the roles played by the defendant and the bond-person. Whichever the case, the bonds-person is not prone to lose unlike the accused where they fail to appear before the court.
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