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Different Kinds Of Bail Bond Services You Can Use As a matter of fact, there are 4 different kinds of bail bonds that are used widely in the industry. This can slightly differ on the other hand depending on the city, state and jurisdiction to which the bonding is taking place. Surety bonds, cash bonds, federal bonds as well as immigration bonds are actually the 4 most common heard of bail bonds used to get a release. In the next paragraphs, you’re going to learn about how each type of bail bond works. Number 1. Cash bonds – this bond is used in a scenario in which the family, family member or defendant has requested to simply pay cash for the bail. As soon as the defendant has completed the probationary terms required of their arrest and showed up to all court hearings, the money will be returned in whole. This isn’t an advisable option as bail is typically thousands of dollars. This kind of cash may be saved instead for more immediate and important needs than just using it to get a release from jail. This type of bail however is pretty popular option among celebrities, elite persons, professional athletes and several other exclusive groups. Number 2. Surety bonds – another sought after option when talking about getting a release from jail. This bail bond works when a person is arrested and taken custody, another individual or themselves may contact an indemnitor like a bail bondsman to help them in the bail process.
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In most instances, such bail bonds have some form of collateral for the bail amount required. This is mainly because of the reason that the individual being released on bail likely have ongoing court stipulations similar to counseling and drug testing that should be completed or else, it is the indmnitor who will take the full responsibility of the entire bail amount. Among general population, this type of bail bond is actually the most popular.
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Number 3. Federal bonds – compared to the first two bonds discussed, these types are not as popular. This is because of the reason that they’re used only in case a person has committed a federal crime. These crimes can be anything from tax evasion, kidnapping, embezzlement, aircraft hijacking, bank robbery, counterfeiting and so forth. And because of the gravity of the case, you may want to expect these bonds to be more expensive than the typical bail bonds available. Number 4. Immigration bonds – compared to what an average person thinks, this is actually more complex. These crimes are intended for foreign nationals and requiring the bail bondsman to take on greater risks, which is why it is more expensive.