Whether you’ve read about it or or seen on television, we know that some people who get arrested can only to be released on X thousands of dollars, and then will return to court for their trail and hearing. Okay, so you are aware of the term, and you may have some idea as to how the bail process works. However, there’s more to it than who you may see on a television show.
The Bail Bonding Process
The process is rather easy to understand. If someone is arrested for a certain crime, they will be sent to jail for booking and will be fingerprinted and have a mug shot taken. A bail bond company can offer bail advice in Saratoga Springs, NY and will arrange with the court to have the suspect released from jail in exchange for collateral or monetary value.
The bail bonding business is taking a tremendous risk when doing this because if the suspect skips out on their court date, the bail bonding agency will face losing money. Bail bonding agencies are responsible for ensuring that the suspect arrives at court on the day of their trial. If the suspect does not show up on their court day, the bail bonding agency must hire a bounty hunter, who then tracks down suspects that do not show up for their court date, and the United States is one of the only few countries that allow bounty hunting.
Types of Bonds
There are three types of bonds that are issued by judges. These are cash bonds, surety bonds, and property bonds. Cash bonds are exactly as they sound, they are money put up front, which can be enough to get the suspect to show up on their court date. A surety bond requires the bond agency to guarantee payment if the suspect flees. A surety bond can result in a bail bonding agency going bankrupt if the suspect neglects to show up on their court date. Finally, a property bond is a lien put up on the property.
A bail bonding agency will charge a fee of 10% of the bond. This payment is required even if the court date is thrown out. Considering the financial risk that bondsmen face, some sort of payment is necessary. If you are seeking bail advice in Saratoga Springs, NY, contact us today.
