4 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.
Needless to say, every type of bond comes with a different purpose and use like what is mentioned earlier. Thus, if you wish to learn more about this subject, I suggest that you keep on reading.
Number 1. Cash bonds – cash bonds are used in situations when the friend, family members or defendant himself has requested to pay cash for the bail. By the time when the defendant has completed the requirement for the probationary terms of arrest and showed up in all court hearings, the money will then be returned in whole. On the other hand, this bail easily costs around a thousand backs which is why it is not for everyone.
The truth is, this cash can be saved for an immediate or more significant needs rather than using it to get a 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 another well known option when it comes to obtaining release from jail after arrest. When talking about surety bonds, when someone is taken into custody, another person or themselves can contact professional indemnitor similar to a bail bondsman to assist them with bail.
In reality, these kinds of bail bonds normally include some sort of collateral for the bail amount required. This is due to the reason that the person being released will likely have court stipulations ongoing like counseling and drug testing that should be completed or perhaps, the indemnitor will be taking responsibility of the bail amount in whole.
Number 3. Federal bonds – in comparison to these, they’re not actually as popular as what mentioned earlier. 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. So don’t be surprised if these bonds are a lot more expensive when compared to other bail bonds available.
Number 4. Immigration bonds – this is somewhat self-explanatory yet, it’s more complex than what average person thinks. They are complicated because it is meant for crimes involving foreign nationals and similar to federal bonds, they are expensive since there’s greater risks to the bail bondsman.