Business Products & Services

The 10 Laws of Finances And How Learn More

The Different Types of Bail Bond Services

As a matter of fact, bail bond services fall into four different types however, they can vary slightly depending on the state, jurisdiction and city to which this service is filed. Cash bonds, surety bonds, immigration bonds and federal bonds are the four most used types of bond services to help a person get their temporary release.

Of course, each bond type has different purpose and use as what mentioned earlier. I strongly suggest that you keep reading if you like to learn more about this.

Number 1. Cash bonds – for this type of cash bond, it is being utilized in circumstances when the defendant, family members or friend requested to pay the bail in cash. Right after the defendant completed the requirement for the probationary terms of their arrest and showed up in all hearings, the money they paid will be returned. This isn’t recommended however as bail is typically costing thousands of dollars.

As a matter of fact, this cash may be saved for more significant or immediate needs instead of using it to obtain release from jail. On the other hand, the elite, professional athletes, celebrities and several exclusive groups are oftentimes uses this kind of bond.

Number 2. Surety bonds – this is yet another very popular option with regards to obtaining release from jail following arrests. When it comes to surety bonds, this works when someone gets arrested and taken into custody, they or another person might get in touch with an indemnitor such as bail bondsman to help them with the bail process.

Fact is, these are the types of bail bonds that include collateral for the amount of bail required. The reason for this is that, the person who’ll be released will still need to attend questioning on the court like drug testing, counseling and so on which has to be completed or else, it’s the indemnitor who will be accountable of the bail amount.

Number 3. Federal bonds – now, for these types of bonds, they aren’t as common than the prior mentioned. This is all because of the fact that they will be used in federal crimes including tax evasion, bank robbery, embezzlement, kidnapping, counterfeiting, aircraft hi-jack and so on. For good reasons, these bonds are more expensive in comparison to other types of bail bonds discussed.

Number 4. Immigration bonds – this is somewhat self-explanatory yet, it’s more complex than what average person thinks. This is complicated because it is made for crimes that involve foreign nationals and like federal bonds, the bail bondsman takes bigger risks and thus, it is expensive.