What Is Bail Bond? Do You Get Bond Money Back?
Usually, a person’s first thought after landing in jail is how to get out of the dreadful place as fast as possible. The way to do this is by posting bail. Bail is the money or property that a person who has been arrested gives to the court to make sure they appear in court whenever they are ordered to do so. If this defendant in question does not show up, the court has the choice of keeping the bail and issuing a warrant for the arrest of the defendant, and when this happens, things get a lot more unpleasant. As we go further into this article, the whole bond and bail process will bring us to the following interests, so you might want to feed your eyes with this information.
What Is Bond For Jail?
A bond for the jail is an agreement made by an arrested person to appear before a court for trial. Or pay a sum of money that is set exclusively by the court. A bail bond is cosigned by a bail bondsman who will charge the defendant a fee to guarantee the payment of the money. This bond is essentially a type of surety bond because it serves as a surety that the defendant will appear for trial before the court. Typically, it is widely known that judges have a great deal of latitude in setting bail amounts.
The bail bondsman usually charges 10 per cent of the bail amount as a down payment in return for their service. In addition to this, they may also charge additional fees. People who are charged with crime or offence are usually given a bail hearing in the court before a judge. The amount that will be set for bail is based on the discretion of the judge. If the defendant is charged with a heinous and violent crime, or the crime appears to be a flight risk, the judge can deny bail outrightly or even set it at a ridiculous level.
Do You Get Bond Money Back?
The reality of bailing a friend or family can be costly. The expense is not just about the money but also the energy expended in the whole process. Sometimes, you don’t have your money returned. This occurrence happens in a lot of cases. Here, you will be provided with some ideas on what to expect in some preceding scenarios.
In the case of surety bail;
When a Bail agent is enlisted to write a surety bond for the defendant, the cost will be cheaper because you will be required to pay a bail premium for the defendant. That is a percentage of the total bail amount, and it is referred to as bail bond. The bail bond is not refundable.
In the case of cash bail;
If you paid the full bail amount to the court, the money would be returned to you after the defendant attends all the required court appearances and functions. However, if the defendant in question fails to show up court as stipulated by the law provisions, that money will be withdrawn, and it won’t be returned to you again.
If you make use of a bond, the bond gets the bail when the defendant shows up in court. The deposit paid is their fee, and this sum is not returned even when the case is over, regardless of the court’s verdict.
How Does Bonding Out Of Jail Work?
In essence, bail denotes the security that is given by the accused, stating that he or she will appear and answer before the court concerning the accusation brought against him or her. This provision includes a bail bond and a personal bond. The court system relies on this bail system to ensure that people do not spend more time in detention than necessary, especially before conviction. So your getting a refund on bail depends on how you pay.
If cash bail is paid in and the defendant meets all obligations, then a refund is given as long as the judge is okay with it, the court fees are not excluded. But do you get the bond money back? The neutral answer will is a big ‘NO’. That is because in most cases, 8 out of 10 individuals have issues relating to the defendant’s attitude towards court functions. Along with this, the judge is not usually all that lenient, and as a result, the answer is undoubtedly two-faced.
Here’s an overview of the processes involved in bonding out of jail.
- Understand the bail fundamentals
- Wait for the judge to set bail
- Post required bail at court or jail
- Never miss a court date
- Sign with a professional bail agent
- Post a cash bond, then a percentage bond
- Get immigration bond and post a property bond
- Obtain the ‘release on own recognizance’ (ROR)
- Sign an unsecured appearance bond
- You’ll be issued a citation release
- Agree to provided conditions
- Ensure that you make your first appearance in court
Take note of these and do the needful, the events that follow will be smoother and more comfortable to cope with overtime.
What’s The Difference Between A Bond And Bail?
As we all know, bail is an amount that a defendant has to pay to secure his or her release. As much as bond and bail have the same effect, there’s a difference. The factors boil down to the source of the money as well as who is securing the freedom of the defendant.
In bonds, the defendant secures a loan with collateral and pays a 10 per cent set fee. Bonds are bail amounts paid by a bail bond company in the person of a bail bondsman.
In bail, the defendant’s family or friend usually settles it. The monetary amount is paid in full, and the defendant is released. But you see, not many criminals have the funds for bail, so that’s where bonds come to play.
Where Does Bond Money Go?
The courts keep the money while the person’s case is ongoing. If the defendant fails to make court appearances as required by the law, the money will be forfeited.
How Much Does Bail Bond Cost?
If the bail bond amount is set at $10,000, you will be given a non-refundable bail bond fee of $1000. However, if the defendant in question shows up for court, the transaction comes to a halt.
Does Bail Bond Affect Credit Score?
Yes, credit score could be affected if the bail bond’s agency fee was paid with a credit card, and your balance was raised. The credit utilization is more than enough to affect your credit score..