Bail bond services have four major types and these are used widely in the industry however, you ought to know that this service is varying a bit on the city, state and also, jurisdiction where it’s filed. Cash bonds, surety bonds, immigration bonds and federal bonds are the four most used types of bond services to help a person get their temporary release.
Like what’s mentioned earlier, every bond has different uses and purpose. I strongly suggest that you keep reading if you like to learn more about this.
Number 1. Cash bonds – these bonds are used in instances when the family members, friend or defendant themselves requested to pay their bail in cash. By the time when the defendant has completed the requirement for the probationary terms of arrest and showed up in all court hearings, the money will then be returned in whole. On the other hand, this bail easily costs around a thousand backs which is why it is not for everyone.
The truth is, this cash can be saved for an immediate or more significant needs rather than using it to get a release from jail. However, this bond type is more popular option amongst elite, professional athletes, celebrities and several exclusive groups.
Number 2. Surety bonds – this is another well known option when it comes to obtaining release from jail after arrest. When talking about surety bonds, when someone is taken into custody, another person or themselves can contact professional indemnitor similar to a bail bondsman to assist them with bail.
Fact is, these are the types of bail bonds that include collateral for the amount of bail required. This is because of the reason that the person who is about to be released will have court stipulations ongoing similar to counseling and drug testing that has to be completed or perhaps, the indemnitor wil take responsibility of the entire amount of bail.
Number 3. Federal bonds – in comparison to the bond types mentioned above, these aren’t get much popularity. This is due to the fact that they’re used only in case of federal crime like tax evasion, bank robbery, embezzlement, kidnapping, counterfeiting, aircraft hi-jack and a lot more. So don’t be surprised if these bonds are a lot more expensive when compared to other bail bonds available.
Number 4. Immigration bonds – this is somewhat self-explanatory yet, it’s more complex than what average person thinks. They’re complicated as they’re intended for crimes that are involving foreign nationals and much like federal bonds, they’re pretty expensive as it is requiring the bail bondsman to take greater risks.