Criminal bonds are something that you’ve probably read about in the news or seen on a TV show, but how much do you really know about them? You might be surprised to learn that there are several types of criminal bonds and they are used under different circumstances. Below are three types of bonds.
1. Unsecured or Signature Bonds
An unsecured bond is imposed after a bond hearing. The court will impose a bail amount but not require it to be paid before the defendant is released. The defendant is required to sign an agreement to appear in court or they will have to pay the bail amount. This type of bond is often used for people who are trusted to return to court without paying a cash bond.
2. Cash Bonds
The most well-known types of criminal bonds are cash bail bonds Wharton. Cash bails are when the detained person is required to pay the full amount of the bond to the court before being allowed to leave jail. It can be hard to come up with a large amount of cash, which is why people often rely on professionals to loan the amount of the bond.
3. Property Bonds
Property bonds are a popular choice for defendants who may not have a lot of cash but does have valuable property, like a house or a car. When a person decides to use a property bond, the court puts a lien on the property. If for any reason that person does not show up for their court appearance, the court is able to seize that property. This type of bond should be a last resort, though, because if the property is seized, it can cause financial problems that can be very hard to overcome.
The criminal bonds business is complex. There are many different types of bonds depending on the defendant’s personal circumstances. These three types are commonly used around the country and are widely available to anyone who might need them.