4 Types of Bail Bond Services
As a matter of fact, bail bond services fall into four different types however, they can vary slightly depending on the state, jurisdiction and city to which this service is filed. The 4 frequently used bond services to help a person get a temporary release from jail are cash bonds, surety bonds, immigration bonds and federal bonds.
Needless to say, every type of bond comes with a different purpose and use like what is mentioned earlier. With this in mind, if you want to learn more about this matter, I highly recommend that you keep reading.
Number 1. Cash bonds – these bonds are used in instances when the family members, friend or defendant themselves requested to pay their bail in cash. Right after the defendant completed the requirement for the probationary terms of their arrest and showed up in all hearings, the money they paid will be returned. On the other hand, this bail easily costs around a thousand backs which is why it is not for everyone.
Rather than using the money for a release from jail, the money can instead be used for doing more significant or immediate needs. On the other hand, the elite, professional athletes, celebrities and several exclusive groups are oftentimes uses this kind of bond.
Number 2. Surety bonds – this is another well known option when it comes to obtaining release from jail after arrest. When talking about surety bonds, when someone is taken into custody, another person or themselves can contact professional indemnitor similar to a bail bondsman to assist them with bail.
Fact of the matter is, these bails are usually including a form of collateral for the amount of bail required. The reason for this is that, the person who’ll be released will still need to attend questioning on the court like drug testing, counseling and so on which has to be completed or else, it’s the indemnitor who will be accountable of the bail amount.
Number 3. Federal bonds – in comparison to the bond types mentioned above, these aren’t get much popularity. This is due to the fact that they’re used only in case of federal crime like tax evasion, bank robbery, embezzlement, kidnapping, counterfeiting, aircraft hi-jack and a lot more. So don’t be surprised if these bonds are a lot more expensive when compared to other bail bonds available.
Number 4. Immigration bonds – this is somewhat self-explanatory yet, it’s more complex than what average person thinks. They’re complicated as they’re intended for crimes that are involving foreign nationals and much like federal bonds, they’re pretty expensive as it is requiring the bail bondsman to take greater risks.