If a person is under arrest for a crime, they can be held in jail until their appointed court date. The judge may allow them to be released on bail or be released based on their own recognizance.
The actual bail is a specified amount of money that acts as insurance between the defendant and the court system. Bail amounts are usually very high, and most defendants cannot afford to pay the specified amounts. Many times, a defendant will turn to a bail bondsman to post their bail for them.
A bail bond is a type of surety bond issued by a surety bond company that acts as a contract financially, ensuring the defendant will act under the terms of the bond. A bail bondsman is a representative that posts the bail bond on behalf of the defendant. They generally require 10% of the bail amount, and this secures their release from jail.
There are two different kinds of bail bonds, including criminal and civil. If the defendant makes their court date, the bail bond is resolved, and the collateral is given back to the person who posted it. The bondsman gets to keep the 10% cash fee as a profit.
If the defendant does not appear in court, the bail bond is forfeited, and the court enforces the total amount of bail to be paid. The collateral will be paid to the court for the outstanding bail amount.
For more information on national bail bonds Bartow County, GA, contact Corntassel Bonding Company today.
