An individual is arrested, booked, and imprisoned and a judge will decide whether bail is appropriate in their case until they are proven guilty or innocent of the offence. If bail is deemed acceptable, the court will set an amount that will allow the defendant to be released from prison until their trial begins, and the prisoner is free to go with instructions not to leave the state once that bail is posted. Connecticut Bail Bonds Group offers excellent info on this.
The bail bonds scheme was developed in England in the 13th century as a method of securing the freedom of a prisoner from prison: today’s bail bonds policy is a way to bridge the gap between wealthy and poor groups, ensuring liberty for ALL citizens before their trial starts, not just the wealthy. The 10 percent bail rate is set and regulated by the Insurance Department, but certain agencies will legally charge 8 percent instead of the regular 10 percent bond, plus $10-$15.00 depending on the business. If an Organization gives a discount it risks losing its license.
Several states, and a few cities, do not allow private bail bonds for release from prison:
— D.C., Washington.
If an individual is arrested at one of these locations, the full bail will have to be posted for release of the prisoner, but if no one can afford to post the full amount, the court may accept a 3 (or more) person signature bond. Otherwise, the defendant will remain in custody until commencing their trial.
If a bail bonds agency does post bail, it will require that an equivalent in value form of collateral be put up as the defendant appears in court. Acceptable collateral types include:
-Credit credit cards
-Bonds and stocks
-Personal loan and a bank account
The bond agent has the right to sell the collateral to recover their financial loss if the defendant skips out of town while on release. The person who posted it is out that property ‘s value.
Agreeing to help secure bail bonds for a relative or family member is a significant financial commitment to make. Some might even consider it a gamble. Loss of a substantial financial asset may occur if the bailed out person tries to cross a state line without court and bondmanHealth Fitness Articles consent, if the court date is missed or another arrest is made prior to their court appearance. Be sure of the extent of trust given to this individual before surrendering something of value that could lead to a drain on the personal finances at home.