A bail bond is a method that is commonly used for obtaining the release of defendants. The defendant is usually in the custody of law enforcers waiting for the day of their trial. The process involves signing of a legal document by the defendant, their family members, bail bond agent, or friends. The document states that if the defendant fails to appear before the court for the trial, the specified amount will be forfeited. When in need of the best agents in bail bonds Richmond VA is the place to visit.
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.
Once an agent starts working for the defendant, they assume all liability to pay the amount required. The defendant can now be referred to as a client to the agent. However, since the amount involved can be very high in certain circumstances, it becomes important that the client gives up collateral. Collateral guarantees that the client will honor the agreement and refund the agent the amount paid to the court.
One can give collateral in many different methods. Agents accept securities, jewelry, written guaranties from credit-worthy individuals, and title deeds. All possible risks arising from the agreement are covered by collateral. Usually the agent sells the property to retrieve what is owed to them. In the case of written guaranties, they may sue the guarantors to retrieve their money.
Clients are taken up by agents after considering certain factors. Some among the factors considered include the employment status, criminal record, and the residence of the client. Usually clients are categorized as either bad or good risks. Good risks are those with steady employment and no criminal record and have been living in their current residence for a long time. Agents are happy to sign such clients up.
Upon being hired by the client, the agent visits the court to post the bond. The court where the bail is posted must be the same one where trial is supposed to occur. Degree of crime and its nature dictate the amount of money is quoted. Usually bigger crimes call for bigger sums of money.
Upon the reception of the bond, a ticket is issued by the court clerk. The ticket notifies the police that the defendants has met the bail and is free to go. Following that notification, the police are obliged to release the defendant with immediate effect.
When the trial happens and the defendant appears in court, the liability under bail is terminated. Besides this circumstance, another situation under which liability is terminated is if the terms expressed in the agreement cannot be executed. This is possible only if a defendant is imprisoned, arrested, dead, or detained. This may happen in the same jurisdiction or in a different one.
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.
Once an agent starts working for the defendant, they assume all liability to pay the amount required. The defendant can now be referred to as a client to the agent. However, since the amount involved can be very high in certain circumstances, it becomes important that the client gives up collateral. Collateral guarantees that the client will honor the agreement and refund the agent the amount paid to the court.
One can give collateral in many different methods. Agents accept securities, jewelry, written guaranties from credit-worthy individuals, and title deeds. All possible risks arising from the agreement are covered by collateral. Usually the agent sells the property to retrieve what is owed to them. In the case of written guaranties, they may sue the guarantors to retrieve their money.
Clients are taken up by agents after considering certain factors. Some among the factors considered include the employment status, criminal record, and the residence of the client. Usually clients are categorized as either bad or good risks. Good risks are those with steady employment and no criminal record and have been living in their current residence for a long time. Agents are happy to sign such clients up.
Upon being hired by the client, the agent visits the court to post the bond. The court where the bail is posted must be the same one where trial is supposed to occur. Degree of crime and its nature dictate the amount of money is quoted. Usually bigger crimes call for bigger sums of money.
Upon the reception of the bond, a ticket is issued by the court clerk. The ticket notifies the police that the defendants has met the bail and is free to go. Following that notification, the police are obliged to release the defendant with immediate effect.
When the trial happens and the defendant appears in court, the liability under bail is terminated. Besides this circumstance, another situation under which liability is terminated is if the terms expressed in the agreement cannot be executed. This is possible only if a defendant is imprisoned, arrested, dead, or detained. This may happen in the same jurisdiction or in a different one.
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