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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. Appearance in court is usually guaranteed because of this financial responsibility. 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. Depending on the state and their laws, the costs could be different. The fees could range from 8% to 15% or more from the total figure that the court determines in order to release the accused. 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. A maximum allowable premium is sometimes not present in some states. There are also some states without any private agents. If you don’t have the cash needed, you can use a collateral for a licensing agent. There are different collateral involved depending on the private office. Acceptable collaterals will differ depending on the standards of each office. Collateral would usually consist of jewelry, cars, stocks, real estate, and bank accounts. Credit cards and personal credit are also some other collateral that can be accepted.
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The collateral set up with the licensed agent could be lost once a person would miss a court appearance. In order to fix the situation, there are different options per state. The licensed agent will be informed when a person would miss a court appearance and the legal paper would be on a default. In order for a person to be arrested, a bench warrant would be issued. There is usually a grace period for people so that they can submit themselves and the default would be removed.
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Paying a premium for bail bonds means that you wouldn’t get the money back. Since the fee is what freed the accused out of jail, the agent would get the fee when they are out of custody. The premium is not refundable. The fee is being earned by the agent when they provide their service. They would manage the accused people and ensure that court appearances would be honored. When you have the information about how bail bonds work, you can understand what is at risk. It is important to know the processes involve when you need to get people out of jail.