4 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.
Like what’s mentioned earlier, every bond has different uses and purpose. Thus, if you wish to learn more about this subject, I suggest that you keep on reading.
Number 1. Cash bonds – for this type of cash bond, it is being utilized in circumstances when the defendant, family members or friend requested to pay the bail in cash. Right after the defendant completed the requirement for the probationary terms of their arrest and showed up in all hearings, the money they paid will be returned. On the other hand, this bail easily costs around a thousand backs which is why it is not for everyone.
Rather than using the money for a release from jail, the money can instead be used for doing more significant or immediate needs. On the other hand, the elite, professional athletes, celebrities and several exclusive groups are oftentimes uses this kind of bond.
Number 2. Surety bonds – this is another well known option when it comes to obtaining release from jail after arrest. When talking about surety bonds, when someone is taken into custody, another person or themselves can contact professional indemnitor similar to a bail bondsman to assist them with bail.
Fact of the matter is, these bails are usually including a form of collateral for the amount of bail required. This is due to the reason that the person being released will likely have court stipulations ongoing like counseling and drug testing that should be completed or perhaps, the indemnitor will be taking responsibility of the bail amount in whole.
Number 3. Federal bonds – now, for these types of bonds, they aren’t as common than the prior mentioned. 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 some good reasons, these bonds cost more than other kinds of bail bonds discussed.
Number 4. Immigration bonds – this is somewhat self-explanatory yet, it’s more complex than what average person thinks. 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.