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The Process of Bail Bonds When a person is arrested and goes to jail, something that you can use to get them out of jail while they wait for their trial would be bail bonds. Because of these bail bonds, the person will have to appear in court. After the accused person will sign, he or she will be obliged to show up in court later on. A legal paper that is being bought from a licensed agent will take place of actual money and is given to the court. The accused would be set free temporarily to await their court case after the court has the legal papers. When getting this bail, there are fees involved. Due to the different state laws, there could also be various costs involved. The amount set by the court in order to release the accused would be the basis for these fees charged ranging from around 8% to 15% or more. These licensed agents are being monitored by the state when it comes to the fees they are charging. The fees that are being regulated would make them not be excessive, unfairly discriminatory, or not adequate. A maximum allowable premium is sometimes not present in some states. There are also some states without any private agents. When there is no cash involved, collateral can be used in order to give a licensing agent. Depending on the office, the acceptable collateral could be varying. There are different collaterals that will accepted by various offices with their own standards. Normally, collateral will involve real estate, cars, jewelry, stocks, and bank accounts. Other types of collateral that can be used are personal credit or credit cards.
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If the accused would not attend their court appearance, the collateral that is being used with the licensed agent could be lost. There are options for a state in order to fix the situation. The licensed agent will be informed when a person would miss a court appearance and the legal paper would be on a default. 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. After they are out of custody, the agent will get the fee since the fee was used to get the accused 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. Once you know how bail bonds work, you will learn how to understand the risks. When you get a person out of jail, it is vital to know how bail bonds work.