How a Bail Bondsman Works and What Incentives They Have Behind It?
Courts have allowed criminals an alternative to spending time in a jail cell and that alternate is called bail. Bail is an amount that the court asks the liable person to pay as a guarantee that he or she will return to court on the dates of his or her court hearings. This amount that the court imposes on the criminal varies depending on the intensity of the crime committed. For example if a person is charged with the criminal act of murder than the bail amount can go as high as US$500,000. Most people do not have that much money to pay for their bail. This is where a bail bondsman steps in.
A bail bondsman can be acting as an individual or might be an employee of an organization offering bail services to the public. Either way the services that you will be getting from a bail bondsman will be the same. The bail bondsman helps the defendant who is unable to pay his or her bail amount by taking up the responsibility of pledging property or money on behalf of the criminal to the court. When doing so the bail bondsman is going to ask the defendant to pay at least 10 or 12 percent of the total bail amount that he or she has been charged with. This percentage varies from one bail bondsman to another but in most cases it is kept at a 10 percent. This percentage of money to the bail bondsman is non – refundable and is the profit that the bail bondsman earns for his or her services.
In most cases a bail bondsman will also require the criminal defendant for collateral in the form of any property. Since the risk involved with the bail bondsman is quite high they usually require some form of collateral in order to ensure that they do not make any loss while pledging on behalf of another criminal defendant. In case the defendant fails to appear in court on the dates that he or she was supposed to, the bail bondsman has every right to render the services of a bounty hunter or any other method to make the defendant appear in court. A bail bondsman also has the right to sue the defendant in court for any amount of money that he or she owes and does not pay back.
This is why a bail bondsman usually prefers to get collateral from the defendant before pledging on his or her behalf. This gives them the confidence that even if the defendant flees away they will have some property to recover the bail that they paid to the court. A bail bondsman actually makes quite a profit in the long run after dealing with many defendants and earning their 10 percent share of the total bail money they were charged with. You can easily find a bail bondsman or any organization dealing with bail services anywhere in the United States of America.
A bail bondsman also has a standing security agreement with the court officials of the area in which he or she is offering services. In this standing security agreement a bail bondsman posts a ‘blanket’ bond which is irrevocable from which the court is paid in case the defendant fails to appear in court. On the other hand a bail bondsman also has an agreement with either a bank, insurance company, or any other kind of credit provider so that they have the facility of drawing security whenever needed especially during times in which banks are usually closed. These are the major agreements that a bail bondsman engages in, in order to offer his services.
Bail Bonds basically provides a contract to the court ensuring that the defendant would appear in the court. The guarantee is provided by the defendant’s family members or friends. Click here for Bail Bonds
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Author Bio: Bail Bonds basically provides a contract to the court ensuring that the defendant would appear in the court. The guarantee is provided by the defendant’s family members or friends. Click here for Bail Bonds
Category: Legal
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