There are four different types of bail bonds that are used in the industry; nevertheless, it can differ slightly on a certain state, city and jurisdiction that the bonding is taking place. The four most common heard-of bail bonds that are primarily used to obtain an individual’s release from the jail are basically surety bonds, federal bonds, cash bonds and immigration bonds. Each type of bonds comes with a different approach of releasing an individual from jail.
Cash Bonds
Cash bonds are used where a defendant, family or friend requests to just pay cash for their bail. Once the defendant completes the necessary probationary period of their arrest, and shows up to all their court hearings, the funds are returned to them. This is not just a recommended option as bail is generally thousands of dollars. This sort of cash can be can be saved for more immediate and important needs; rather than using it to obtain a jail release. This sort of bond is quite popular among celebrities, elites, professional athletes and other exclusive groups.
Surety Bonds
These bonds happen to be another popular option when it is about obtaining a jail release following an arrest. These bonds work when an individual gets arrested and taken into custody, someone else or the person themselves can get in touch with a professional indemenitor, such as a bail bondsman, to help them in the bail process. Such types of bail bonds generally include some form of collateral for the needed bail amount. This is because the individual who is being released on the bail will surely have ongoing court stipulations like counseling and drug testing, that should be completed or the indemnitor takes full responsibility of the entire bailing amount. The personal signing of the bail bond will be paying a non-refundable fee as collateral.
Federal Bonds
Such bonds are not very common as the ones that have been mentioned above. This is because the are just used if a federal crime has been committed. Crimes here include counterfeiting, aircraft hi-jacking, bank robbery, kidnapping, tax evasion, embezzlement, and more. Federal bonds, good for reason, are quite expensive compared to the other kind of bail bonds.
Immigration Bonds
Immigration Bonds are self-explanatory. They are bit more complicated than the average person would consider. There are complicated because they are for crimes are the committed by the foreign nationals. They are quite expensive, just as the federal bonds; they require a bail bondsman to take on a great deal of risk.
Bail bonds can be very confusing, most understandable; which is why it is highly recommended that you consult licensed and professional bail bond agents in your area who could provide you with accurate details on bail bonds and how they are used in the legal industry. Click here to learn more.