What Is a Bail Bond?
Bail Bond Experts in Redding
When a person has been arrested and is facing trial, the courts will set a bail amount to ensure that that person (the defendant) will attend their hearing. Bail is a fee that is paid by the defendant and held as collateral by the court. If the defendant attends their court appearance, the bail is returned minus any court fees that may have been incurred.
There are multiple types of bail.
A cash bond is what we typically think of as bail. It is an agreement in which the defendant must pay the full amount of their bail in cash (although some courts can accept credit cards). Depending on how much of a flight risk the defendant presents, the court can set this bail at a relatively high or low amount.
The court can also place a lien on a person’s property as a way of covering their bail. If the accused misses court appearances, the court can take possession of this property as a way of covering the cost of bail.
If the defendant is a first-time offender or presents a low flight risk, the courts may let them go on personal recognizance. This means that the defendant will sign an agreement with the court stating their intention to attend their court date. Failure to comply with this agreement could result in the defendant being taken into custody.
What Is a Bail Bond?
Most of the time, the defendant cannot afford to pay cash for the bail amount, and often, they don’t have the property to cover their bail with a property bond. That is where bail bonds become invaluable. A bail bond, also known as a surety bond, is a binding agreement with a third party who pledges to be held culpable for a defendant’s bail if the defendant fails to appear in court. This third party is known as the bail bondsman (or bail agent). A bail bond usually costs 10 percent of the bail. For example, if the bail amount is set at $15,000, the bail bond would cost $1,500.
If you have questions about bail bonds and how they can help you or someone you know, contact us today.