Tag: Bail Bond
It’s a terrifying feeling to get arrested, especially if you’re innocent. Miranda rights are usually read to suspects before they are shackled and brought to jail. The suspect becomes a prisoner after being processed, photographed, and fingerprinted. Depending on the gravity of the alleged crime, the accused may be released on bond right away. Have a look at Afford-A-Bail Bail Bonds Hartford for more info on this.
The offender will be held in jail until he is taken before a court for a bail hearing if the charge is not minor. The court will decide whether the defendant is eligible for release and, if so, how much he should pay during the hearing. If the accused can afford the money, he can be released from prison the same day. A defendant or his loved ones may be obliged to seek bail bonds because the fee for a major infraction is typically fairly high.
What Are They, Exactly?
Bail bonds are a type of insurance policy purchased to ensure that the defendant appears in court on his scheduled date. Bonding out is a reasonably typical practise because most people accused of a crime appear in court on the appointed date and at the planned time. There are also companies that lend money to customers to offset these expenses.
What Does It Mean for Them?
Bail bond companies, like any other organisation that lends money, charge interest for their services. These rates are frequently determined by the size of the loan and the accused’s criminal history. When a defendant is regarded a possible flight risk but is nevertheless granted bail, obtaining a loan from a bondsman may be difficult. However, in the vast majority of cases, a bond is posted at the relatively low amount of ten percent.
A bondsman may request collateral if he is concerned that the defendant may flee or “jump” bail. He does this because the court will hold the bondsman financially liable if his client fails to appear, and he will lose the bail he posted after a set number of days. The bondsman’s business could be jeopardised if the loan is significant and it is forfeited.