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What You Need To Know About How Bail Bonds Work Bail bonds are used in order to free someone from jail while they await they trial. This financial duty will help make sure that the person will appear in court. The person who is accused will sign something ensuring that he or she will get out of jail and go to court later on. This is a legal document that is from a licensed agent and will be given to the court instead of money. The accused would be set free temporarily to await their court case after the court has the legal papers. When getting this bail, there are fees involved. There are different costs per state because of the different laws they also have. The fees could range from 8% to 15% or more from the total figure that the court determines in order to release the accused. State regulations will determine how much fees the licensed agents will be charging. The fees should not be inadequate, excessive, or unfairly discriminatory. Some states won’t have a fixed maximum allowable premium being charged. Private agents are not available in all states. When there is no cash involved, collateral can be used in order to give a licensing agent. Depending on the office, the acceptable collateral could be varying. There are different collaterals that will accepted by various offices with their own standards. Normally, collateral will involve real estate, cars, jewelry, stocks, and bank accounts. Other types of collateral that can be used are personal credit or credit cards.
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If the accused would not attend their court appearance, the collateral that is being used with the licensed agent could be lost. In order to fix the situation, there are different options per state. The legal paper would become a default when a person misses a court appearance. It is important to have a bench warrant for the arrest of a person. There is usually a grace period for people so that they can submit themselves and the default would be removed.
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Your money wouldn’t get back to you after you pay a premium for bail bonds. The fee would belong the agent since it is what got the person out of jail. The premium is not refundable. The fee is being earned by the agent when they provide their service. The accused will get managed by the agents and they make sure that court appearances of the accused will be followed. You can have an in depth knowledge of bail bonds and you would also know the risks involved. It is helpful to know the processes when it comes to bail bonds and releasing someone from jail.