A bail bond is a guarantee from a bail bondman, or bond firm, between the court and the company. The bond guarantees that the defendant will come to court for their scheduled appearance. It is the responsibility of the bail bondsman to pay the amount of the bail if the arrested party does not come to court. Visit our website explained here
Several bail bond companies are seeking collateral for elevated bail amounts because the bondman must pay the bail for a no-show defendant. The charge for securing a bond agent is 10 percent of the total amount set by the court. Most state governments establish the legal amount that bail bond firms may charge. For example, if bail is fixed at $50,000, then the defendant will pay $5,000 to the bail bondman. The bail bondman’s fee is non-refundable and covers the bail securement services that are provided. For most low-cost bail amounts, there is no need for collateral. Normally, it is a friend, relative or loved one who makes the first contact with a bail bond company on behalf of the defendant. Being arrested or having a loved one in detention is always stressful. It can also be fairly traumatic. Agents must deal on a daily basis with stressed clients and are often prepared to assist in speeding up the process. The bondsman will request some fundamental information in order to begin processing the bond. The agent will ask for the arrested individual’s full name and date of birth, the name of the prison, the city, the date he or she was arrested, and the amount of bail set by the court. A bail bondman will assist in obtaining information that might be unknown. Many people are shocked to learn that bail is not considered to be the government’s source of revenue, nor is it intended to punish the defendant.