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The Process of Bail Bonds If a person gets sent to jail because of a suspected crime, bail bonds are being used to release them as they are waiting for their 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. Instead of money being given to the court, this legal paper would be the replacement. After the court obtains the legal papers, they would let the accused go free to await their case in court. Associated fees are usually obtained together with this bail. There are different costs per state because of the different laws they also have. Depending on the set amount made by the court in order to release the person being accused, the fees would usually be between 8% to 15% or more of that amount. These licensed agents are being monitored by the state when it comes to the fees they are charging. The fees should not be inadequate, excessive, or unfairly discriminatory. There are a few states that won’t have a set allowable premium chargeable. There are states that don’t have private agents. If you don’t have the cash needed, you can use a collateral for a licensing agent. Various private offices will have different collaterals that they deem acceptable. Some offices will have their own standards on which collateral can be accepted. Bank accounts, real estate, cars, jewelry, and stocks are what collaterals will typically constitute. Other types of collateral that can be used are personal credit or credit cards.
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The collateral set up with the licensed agent could be lost once a person would miss a court appearance. Every state would have various options to remedy the situation. The licensed agent will get notified once a court appearance is being missed and then the legal papers will become defaulted. It is important to have a bench warrant for the arrest of a person. A grade period is given for the person to submit themselves and the default is taken.
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Paying a premium for bail bonds means that you wouldn’t get the money back. The fee would belong the agent since it is what got the person out of jail. There is no refund for this premium. The agents get the fees once they do their services. They would manage the accused people and ensure that court appearances would be honored. You can have an in depth knowledge of bail bonds and you would also know the risks involved. It is important to know the processes involve when you need to get people out of jail.