A bail bond is one of the methods that are used for securing the release of defendants from police custody. Defendants are usually awaiting trial for charges labeled against them. Family members, friends, bail bond agents, or the defendants themselves have to sign an agreement document before release. The document directs the court to retain a certain sum of money should the defendant fail to return to court for their trial. When one needs an agent in bail bonds Richmond VA should be given priority.
Bail bond agents are kinds of agents that offer the kind of money that is needed in order for a defendant to be released. Since many defendants usually lack the amount of money needed, especially if the crime is a serious one, they usually seek the services of an agent. Usually the agent is paid an amount of money that is equal to between ten to twenty percent of total amount paid.
The liability of paying the amount needed by the court should the individual fail to appear for trial shifts to the agent once they agree to offer their services to the defendant. Defendants usually become clients. However, agents do not agree based on the word of mouth alone, they need collateral to guarantee that they will be paid for the amount of money they will have to pay to a court.
There are many forms of collateral one can give. Major ones include jewelry, securities, title deeds, and written guaranties from friends and family members who are credit-worthy. The collateral covers any losses that may arise in the course of doing business. If the item given up as collateral is sellable, the agent sells it to get their money back. Guaranties are taken to court to make people who signed them honor their end of the deal and pay up.
Agents do some calculations before taking up a client. The decision is usually based on several factors such as prior criminal record, employment status of the client, and how long the client has been living a given neighborhood. Defendants with no prior criminal record, steady employment, and have been living in the neighborhood for long are considered to be good risks. An agent will be happy to work with such people.
When the agent agrees to offer services to a defendant, they go to court and post the bond. The court cannot be any other, other than the one in which trial is meant to happen. The nature and degree of the crime one is being charged with determines the amount to be paid. The amount is higher in bigger crimes than in small ones.
The court clerk issues a ticket when the bond is received. Law enforcement officers are sent the ticket, notifying them of fulfillment of bail requirements. The defendant gets released immediately afterward.
Conclusion of liability under the bail happens upon the terms being honored by the defendant by appearing for trial. Similarly, liability may be terminated if the execution of the conditions becomes impossible. This may result from death of defendant or their arrest, imprisonment, or detention.
Bail bond agents are kinds of agents that offer the kind of money that is needed in order for a defendant to be released. Since many defendants usually lack the amount of money needed, especially if the crime is a serious one, they usually seek the services of an agent. Usually the agent is paid an amount of money that is equal to between ten to twenty percent of total amount paid.
The liability of paying the amount needed by the court should the individual fail to appear for trial shifts to the agent once they agree to offer their services to the defendant. Defendants usually become clients. However, agents do not agree based on the word of mouth alone, they need collateral to guarantee that they will be paid for the amount of money they will have to pay to a court.
There are many forms of collateral one can give. Major ones include jewelry, securities, title deeds, and written guaranties from friends and family members who are credit-worthy. The collateral covers any losses that may arise in the course of doing business. If the item given up as collateral is sellable, the agent sells it to get their money back. Guaranties are taken to court to make people who signed them honor their end of the deal and pay up.
Agents do some calculations before taking up a client. The decision is usually based on several factors such as prior criminal record, employment status of the client, and how long the client has been living a given neighborhood. Defendants with no prior criminal record, steady employment, and have been living in the neighborhood for long are considered to be good risks. An agent will be happy to work with such people.
When the agent agrees to offer services to a defendant, they go to court and post the bond. The court cannot be any other, other than the one in which trial is meant to happen. The nature and degree of the crime one is being charged with determines the amount to be paid. The amount is higher in bigger crimes than in small ones.
The court clerk issues a ticket when the bond is received. Law enforcement officers are sent the ticket, notifying them of fulfillment of bail requirements. The defendant gets released immediately afterward.
Conclusion of liability under the bail happens upon the terms being honored by the defendant by appearing for trial. Similarly, liability may be terminated if the execution of the conditions becomes impossible. This may result from death of defendant or their arrest, imprisonment, or detention.
No comments:
Post a Comment