Understanding Surety Bail Bonds: What You Need To Know
Being arrested can be a stressful experience, not just for the accused but also for their loved ones. One of the most crucial decisions is whether to post bail or stay in jail until trial. If you post bail, one option is to use surety bail bonds. Here's what you need to know about surety bail bonds.
What Surety Bail Bonds Are
Surety bail bonds are a legal agreement between the defendant, a bail bond agent, and an insurance company. A surety bail bond aims to ensure the defendant's appearance in court on the scheduled date. The insurance company, acting as the surety, guarantees the total bail amount to the court in exchange for a fee, typically a percentage of the entire bail amount. The defendant must provide collateral, such as property or jewelry, to the bail bond agent as security.
Who Can Obtain Them
Anyone who has been arrested and cannot afford to pay the total bail set by the court can obtain a surety bail bond. However, certain conditions may apply, depending on the severity of the crime, the defendant's criminal record, and other factors. Speaking to a surety bail bond agent is essential to discuss your options and determine whether a surety bail bond is the best idea for you.
How Defendants Can Be Released From Jail
A surety bail bond allows you to get out of jail while you await trial, which can be a significant advantage, particularly if you have work or family obligations. Additionally, surety bail bonds are often more affordable than paying the full bail amount upfront, which can be beneficial if you have limited resources.
The Importance of Showing Up For Court
If the defendant is a no-show in court on the scheduled date, the bond will be forfeited to the court, and the surety bail bonds agent will be responsible for paying the total amount of bail. This means that the collateral you provided to the bail bond agent will be sold, and you will be held responsible for any shortfall between the amount of the collateral and the entire bail amount.
When Surety Bail Bonds Can Be Revoked
A surety bail bond can be revoked if the defendant breaks even one of the terms of their release, such as failing to appear in court, committing a new crime, or leaving the state without permission. If the bail bond is revoked, the defendant must return to jail, and the agent must pay the full bail to the court.
For more information, contact a local company, like A Professional Bail Bonds.