Understanding Bail Bond Collateral Agreements
Often, people think that they can return home after they have been arrested for a petty crime. This is a common belief among people who have never been arrested their whole life. They do not know though, that bail bonds will be needed. These bail bonds are important to let an arrested individual get out on bail. But there is more to it to understand everything about bail bond collateral agreements.
Once you have been arrested, you cannot expect that your case will be attended to right away. This is a fact and has always been observed for several years already. Processing the status of the arrest can take between an hour and nine hours. But this amount of time will still depend on the jail and how the number of which cases is being handled simultaneously with yours. Not to mention, the type of offense you have committed also plays a significant role on how long the process will take.
During such time, your fingerprints will be taken, you will be photographed, and the file will be completed on your warrant. Frequently, when this processing has been accomplished, you will be permitted to post bail so that you can get approval to be released. However, posting bails requires another process. Unlike the earlier procedure, this one will be more complicated and will often need the expertise of a lawyer.
When it comes to posting bail, the process usually includes a contractual undertaking which has been guaranteed with a license, bond, an insured bail bondsman plus an individual who is posting bail. The purpose of the bail agent is to serve as a guarantee to the court that you (the defendant) will face court each time the judge will require you to. Otherwise, you will have to pay the total amount of the bail money.
But what happens to people who cannot afford to pay the bail? Not everyone has excess money lying around in the bank says James from Acme Bail, especially during these hard economic times. For this reason, the presence of bail bondsmen has become a huge help for individuals like you. You will be charged a percentage of the total bail amount. But before the bail bond can be posted, the defendant (you) or a co-signer should guarantee that you will be liable for the whole amount of the bail once the accused party does not appear in court.
Usually, collateral is not required to bail someone out of jail. There are several instances that an individual can even be bailed from prison with just the signature of his friend or a family member. As soon as this agreement has been finalized, it is the task of the bail bondsman to post the bond for the indicated bail amount you have both agreed on. Unfortunately for the person who signed this agreement, once the defendant does not appear or skips court, then they will be held liable to repay the full amount of the bail.