Nowadays, whenever someone gets arrested and a bail is set for their release, sometimes they have no idea about the legal procedures for their case and whether they have to pay all the money set for their release or not.
In this topic I'm going to inform you about the benefits of bail bonds and the way they work in order to know what to do in arrest situations. For more bail information please visit Los Angeles Bail Bonds.
What is bail?
Bail is the money that is paid to the court so that an arrested person may be freed and a guarantee that the person will appear in court when ordered to do so.
Usually, if the defendant appears in court when scheduled, the court will refund the bail. But if they don't show, the court keeps the bail. Under law, if any subject is held for criminal charges, they can avoid arrest or jail if they put guarantee money in form of cash or property.
What is bail bonds?
It is an agreement. Recently, Bail bond is applied through modern business venture through a system that includes a corporation, to which or whom the percentage of the court specified amount is put up. The corporation or the individual in the court acts as a surety. Surety is applied in order to release a criminal defendant from jail.
How is a bail amount set?
The court determines the amount of the bond. Judges are responsible for setting bail but the Eighth Amendment to the U.S. Constitution requires that a bail not be excessive.
How much does a bail bond cost?
In state of California, the bail premium is typically 10% of the full bail amount. For example, if the bail amount is $50,000, the premium is cost $5,000.
What is collateral?
A bail agent guarantees to the court that they will pay the forfeited bond if a defendant fails to appear for their scheduled court appearances, so the third party must have adequate assets to satisfy the face value of the bond. In turn, the Bond Agency charges a premium for this service and usually requires collateral from an indemnitor. The bail agent then posts a bond for the amount of the bail, to guarantee the arrestee's return to court.
How much should a defendant pay for his/her bail to be set free?
You only have to pay a premium amount. In Los Angeles Bail Bonds, 8% of the total bail amount is set as your premium.
Bail services are important part of legal businesses in the United States and every person in an American society should know how their system works in order to survive as an individual.
Wikipedia is also a good source of information about bail bonds.