Different Types of Bail Bonds and The Processes
Whenever you see someone famous getting arrested or held in prison for malpractices, there might be one question in your mind. How and for what purposes are they released? Since childhood, everyone told us that - when the police catch the offender, they take him/her to jail and sentence them as per the illegal activity. However, looking at them getting out after being in police custody seems confusing and complicated. To carry away this confusion, we will tell about the concept practiced according to the Raleigh bail bond and how many different types are there in them. We will also look at how and which bail bond type is suitable for an individual requirement. Let us begin.
Primarily we will discuss two things - bail and the bail bond.
A bail is an interim of the offender who is in line with the trail. And a bail bond is known to be a legal document or settlement present in exchange for the release of the accused person. The departure of the person can happen on various factors. Plus, these factors are further divided into different types of bail bonds. The insertion of multiple bonds is there for ordinary people. After the arrest, it helps the regular people post bail after being arrested and charged with a crime. In the below-given information, you will know about the different types of bail bonds and their understanding.
Various kind of Bail Bonds in Raleigh
Cash Bond - A cash bond is a legal settlement presented by the court in exchange for the bail-in monetary terms. The cash bond is a stricter type of bond which is ordered in some instances. For instance - This type of bond only comes into action, when the accused person fails to be available in any proceedings. Then as a fine, the court will receive the agreed amount of money before. There are some frequently asked questions on the process of the cash bond.
How does it work - As discussed before the cash bond is a settlement in which it requires the full bail amount and the court will hold onto that amount until the case is closed or reached its consequence.
Who are competent to post a cash bond - Anyone who is a family member or a close friend is qualified to post a cash bond.
What is the worst-case scenario - If you fail to appear for the trial in any circumstance, then the person who put up the bond loses the bond money that he placed in trust with the court.
Special Requirements - In some cases, special requirements are where your arrest has been made because of the charges of drug trafficking. Then keep in mind that the money you presented comes from non-drug revenue sources before the court accepts it.
Surety Bond
This bond also works somewhat similar to the cash bond. In this type, the bail bondsman’s payment is made in Raleigh or the bail bond agency where the legally binding document is created. In which the defendant will pay them back in full. The defendant is costed around 10 percent of the cost of their bail up-front for incentive purposes. The surety bond process begins with the arrest at first; then the bail is set by a judge. After that, you contact Raleigh’s bail bondsman, and then the whole process, including financial obligations, is performed. Finally, the individual is free to go under the assumption that you will show up for all your appointed court dates. Just like the cash bond, there are some frequently asked questions on the surety bond.
What is a surety bond in brief - A surety bond is a series of contracts with a bail agent for the total bail amount.
How the bail agent takes the surety - Bail agents are allowed to interview both the accused person and the guarantor of the bond so that they may decide as to whether the accused is likely to show up for court appearances.
The worst-case scenarios - In this bond, the bondsmen get the reimbursement for the bond and from the guarantor.
What guarantee does a bail agent have - Bail agents or bond dealers put their assets and property of their business in to guarantee the surety bond to the court.