Bail bonding is a process that allows a defendant to be released from jail before their trial. A bail bond is a financial guarantee that the defendant will appear in court. The bond is posted by a bail bond company, which acts as a surety on behalf of the defendant. Get the facts about National Bonding Company of New Britain you can try this out.
If the defendant fails to appear in court, the bail bond company will be required to pay the full amount of the bond to the court. For this reason, bail bond companies require collateral from the defendant or cosigner to cover the cost of the bond should the defendant fail to appear.
Bail bonding is regulated by each state, so it’s important to know the laws in your state before you post bail for someone. In some states, you must be licensed in order to post bail; in others, you don’t need a license but you do need to be familiar with the bail process.
How Bail Bonding Works
When someone is arrested and charged with a crime, they will appear before a judge at their arraignment. The judge will set a bail amount based on the severity of the crime, the Defendant’s criminal history, and whether or not they are considered a flight risk.
If the defendant cannot afford to pay the full amount of their bail, they can contact a bail bondsman. The bail bondsman will post the bail on behalf of the defendant in exchange for a fee (usually 10% of the total bail amount). The fee is non-refundable even if the case is dismissed or the defendant is found not guilty.
In some states, you can post cash bail directly with the court; however, if you do this, you will not get your money back until after the case has been resolved. This can take months or even years. By using a bail bondsman, you can get your money back immediately after posting bail.
What Are Collateral and Cosigners?
As mentioned above, collateral is something of value that is given to the bail bondsman as security in case the defendant fails to appear for their court date. Cosigners are people who agree to pay the bail bondsman if the defendant does not show up for court.
Bail bonding is a process that allows defendants to be released from jail before their trial by posting a financial guarantee that they will appear in court. Bail bonding companies post this bond on behalf of defendants and require collateral or cosigners in case defendants fail to appear for their court date so that companies are not required to pay courts full sums of bails granted. Bail bonding works by states regulating companies whom then post bails given certain conditions are met by defendants such as being charged with crimes and meeting set bails by judges at arraignment hearings. After bails have been posted by either defendants themselves through courts or companies like National Bonding Company , fugitives can go about their lives until their specified court date where their fates will be decided by juries (in trials) or judges (for plea bargains).