Wednesday, June 1, 2016

The Three Different Types of Bail Bonds

When you or one of your relatives is arrested, it is of utmost importance to know and understand the ways you can get him or her out of jail, even just temporarily. This requires you to learn how the bail bond process works and the different types of bail bonds granted.

Surety Bonds

A bail bond is considered a surety bond when a bond agent or bondsman posts bail on behalf of the accused person. In exchange for such service, the bond agent will charge the defendant a non-refundable amount, which is usually 10 percent of the total bond amount.

Additionally, the agent requires a collateral from the defendant or a co-signor who can back up or assure payment in case the defendant fails to pay.

Federal Bail Bonds

This type of bail bond is applied only when the defendant is accused of federal crimes that are outside the scope or jurisdiction of a state. When you get the help of a bondsman, the nonrefundable amount can be more expensive than that required from a surety bond.

Immigration Bonds

This bond is reserved for defendants who are accused of being illegal aliens. Because it usually goes through different federal offices, the immigration bond is considered as the most expensive type.

To learn more about the different types of bail bonds, a bond agent can definitely help you choose the one that can help you the most.

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