What Are the Three Kinds of Bail Bonds?

The Federal Bail Reform Act of 1984 amended in 2020 has permitted the federal courts in America to allow for the process of bail bonds. Today, not every jurisdiction in America uses bail bonds, but many such as the bail bonds Twin Cities uses, and others in the nation, use them for justice and surety relief. If you or someone you love is considering a bail bond, learn more about that process here.

What is a Bail Bond?

There are several different kinds of bail bonds, and they are used in criminal cases. This is an agreement you make between the court and a bail bondsman to get out of jail. The agreement comes with conditions that you must adhere to in order to stay out of jail.

The agreement is for the defendant to pay an amount that the court sets and for the defendant to appear in court when asked. If these agreements aren’t kept, a warrant may be issued for the defendant to go back to jail. 

There are a few different kinds of bail bonds.

Cash Bail

A cash bail bond is when a person posts cash to get someone out of jail. In this event, you need the full amount of bail upfront. Most people can’t afford that, so they use services such as bail bonds Twin Cities and in other locations where bail bonds are used.

Bail Bondsman

A bail bondsman is one of the most popular forms of bail bonds. In this agreement, the defendant pays approximately 10 percent, or whatever the service requests, to the bail bonds service. The bail bondsman puts up the rest and vouches for the defendant.

If the defendant complies with the bail conditions, the bail bondsman will get their money back. If the defendant does not comply, the defendant will be on the hook to the bail bondsman for the entire sum. The defendant will always be out the initial deposit, as a fee for the service offered by the bail bondsman. 

Collateral Bail

Collateral Bail is when the defendant uses something they own as collateral for the bail amount set forth by the court. It could be an expensive watch, your car, your house, or anything that has value. When you meet your bail conditions, you get your collateral released back.

Research Bail Bonds Today

If you are looking for bail bonds help or information, do your research before you choose one. Bail bonds Twin Cities or elsewhere in the nation are available to help you or a loved one in a pinch. Or, use one of the other options presented to you by the court before you make a decision. You do have options and should do your research before you make a final decision.

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