Types Of Bail Bonds

There are four key forms of bail bonds used in the industry; but, based on the individual authority, region, it may vary significantly and state where the bonding happens. The four most popular heard-of Bail Bonds used to secure a person’s freedom from prison are surety bonds, cash bonds, state bonds, and citizenship bonds. Each form of bond requires a particular way of freeing a prisoner from prison. Continue reading to learn more about cash, surety, federal, and immigrations bonds; as well as, how to obtain one in your particular city or state.

Bonds in currency

A cash bond is used in a case where a suspect, relative, or family member demands to actually contribute cash for their bail. When the offender meets their arrest ‘s mandatory probationary conditions and turns up at all court appearances, the money is paid in full. Since bail is normally thousands of dollars, this is not a suggested choice. For more critical or urgent uses this form of cash should be saved; rather than use it to obtain a escape from prison. This form of relationship has become a common option among prominent individuals, actors, professional athletes, and other exclusive classes.

Surety Trusts

Surety bonds are another common alternative when it comes to securing a release from prison after an arrest. Surety bonds work like this: once a person is arrested and taken into custody, another person or themselves can contact a professional indemnitor, such as a bail bondsman, to assist in the bail process. These types of bail bonds usually include some form of collateral for the required bail amount. That is because the individual getting released on bail would more certainly have additional court stipulations, such as substance tests and therapy, that must be met or the indemnitor takes on the burden of the whole bail sum. So the personal signing for the bail bond will most likely have to pay a non-refundable fee (a percentage of the full bail amount) as the collateral. This type of bail bond is most common among the general population.

Federal Treasury debt

These bonds are not as typical as the ones listed above. This is because they are only used in the case of a federal crime. Crimes like these include embezzlement, tax evasion, extortion, bank theft, hi-jacking planes, counterfeiting and more. For good cause, such bonds are more costly than other that bail-bond types. It is very beneficial to use a reputable and experienced bail bondman for federal bonds, and can make a big difference in the bonding process of a person.

Bonds on immigration

Bonds on immigration sound self-explanatory. They are a little more complex than the normal citizen might have imagined. They are particularly complex, with offences concerning foreign nationals and non-us residents. Like federal bonds, they are expensive because they require a bail bondman to take on a large amount of risk. For example , a person who is a Canadian citizen can commit a crime in the United States, then flee once out on bail back to Canada; leave the bail bond agency responsible for the full bond (which can range from thousands to millions of dollars) because the defendant is not here to serve for their crimes.