What Is A Bail Bond?
A bail bond is bought via a bail bondsman, who charges a set fee, then points the surety bond to the court docket. If the suspect seems at all required court docket appearances, the bail bond is released, with no further cost being required of the bail bondsman.
Bail Bond Example
At the conclusion of the case, the bail is returned to the bail bondsman assuming the arrestee appeared at all required court docket dates. The 10% paid by the arrestee to the bail bondsman is stored by the bail bondsman as their charge for doing business; that is why it is sensible to pay a money bond if you are able to do so. A surety bond makes essentially the most sense where the assigned bail is very high. For example, someone arrested for supply of fentanyl (or a fentanyl by-product) may doubtless have a bond set at $25,000.00, or higher. In that case it makes sense to retain the providers of a bondman, who would front the total quantity to courtroom upon the receipt of their 10% fee, or $2,500, from the arrestee.
The jail will do fingerprints on the defendant (the particular person in jail) to determine their id and whether there are any outstanding warrants. At this time, the household and friends of the defendant can go submit a bail bond. A bail bond uses the rules of accountability and responsibility. Moncrief Bail Bonds guarantees that the defendant will seem in courtroom for every court look till the case is over.
In any case, the defendant does not receive a refund of his payment to the bail bond agent, as that is the fee for the surety bond. It usually takes a number of hours to be booked into the jail system.
Surety Bonds – A surety bond is when the arrestee utilizes a bail bondsman who agrees to be answerable for the money owed or obligations of the arrestee. In return, the arrestee pays the bail bondsman a share of the assigned bail. In Florida, it is common for the bail bondsman to cost a fee of 10% of the total assigned bail. After the bail bondsman posts the bail, the arrestee is released from jail.