Bail bonds are usually applicable for individuals that are facing trial but are free to move outside. The bail bond companies operate under the jurisdiction of the state laws. However, the regulations being complex, if you want to work as a bail bond company, you have to be prepared to tackle activist groups that have an increased tendency to curtail or eliminate requirements of cash bail prevailing in the criminal court of justice.
How does a bail bond company operate?
In the event you cannot pay the bail amount, the bail bond company can help you in this regard. If you are not able to raise money from your family or friends to pay for the bail, these companies help you out.
When you approach a bail bond company, let us say, Castle e bail bonds Columbus, you will get a surety bond, which the company will sell to you and one which serves as an “insurance” that you will be available for the court hearings when you are asked to appear.
In many cases, the bond company will also ask for collateral against the surety bond that they furnish. It is usually 10% of the total bail amount that you are required to pay. The collateral that you provide can be your jewelry, home, or your car.
Once these aspects have been settled between you and the bond company, next, the company will produce a representative to pay the bail amount to the court. Along with this, the bail bond company also assures the court that the entire bail amount will be paid in due course and that you will appear before the court whenever it is deemed necessary.
How does the bail bond company benefit?
If you are paying the specified percentage of the bail amount to the company, they consider it as the fee. As mentioned above, it is 10% of the total bail amount. It is non-refundable, which explains how the company benefits from working on your behalf. For similar reasons, the families of the accused try to raise money from amongst the families and friends to avoid the non-refundable amount.
In the majority of the cases, the individual facing trial will be compliant with the court norms and will appear for the court hearings. However, under certain conditions, when the accused does not appear before the court, it is the responsibility of the bail bond company to produce the one facing trial to bring him before the court for the court hearings.
Bounty hunters are the ones that play this role in enforcing the appearance of the accused before the court. These bounty hunters will usually undergo extensive training so that they can track down the accused.
And in the event you fail to appear before the court for the proceedings, the collateral that you provide against the service of the bail bond company gets confiscated.
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