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Know Which Bail Bond Services Is Ideal For Your Case Whether you believe it or not, there are 4 types of bail bonds 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. The 4 most common heard of bail bonds that are used to obtain a release are surety bonds, cash bonds, federal bonds as well as immigration bonds. 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. Assuming that the defendant was able to complete the probationary terms required of their arrest and showed up to all court hearings, the money paid for the bail is returned in whole. This is not recommended for average individuals as this type of bail often requires 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 – when planning to get a release from jail, this is yet another option to get. This bail bond works whenever a person is arrested and taken custody, another individual or themselves may contact an indemnitor such as a bail bondsman to assist them in the bailing process.
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These bail bonds normally include some kind 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 – these are not as popular as what the couple of bonds that are mentioned earlier. This is because of the reason that they’re used only in case a person has committed a federal crime. Crimes like these include tax evasion, kidnapping, embezzlement, aircraft hijacking, bank robbery, counterfeiting and so forth. These bonds are expected to be more expensive than the typical bail bonds available due to the gravity of the case. 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.