HOW BAIL BONDS COMPANIES WORK
You can usually find bail bonds locations near jails, providing that the area is zoned for this type of business. These help people who have been criminally charged. When a person posts bail through a bond company, it allows him to leave jail while waiting for a trial date. These businesses have to follow complex state laws.
A judge decides if an accused person qualifies for posting bail. If the judge determines that the accused can’t simply be released on his recognizance, he decides how much bail the defendant needs to post. This amount depends on the alleged crime and situation.
Defendants find bail bonds locations when they can’t pay the bail amount. They might have to provide collateral in the form of valuables. A family member or friend can provide this security on behalf of the accused. Legal counsels often advice against using bonds companies, and they also try to negotiate with judges to reduce the bail.
The companies will sell a surety bond that the accused uses as insurance to appear in court. A representative will pay a part of the bail to the court. Should the defendant miss the court date, the bond representative will pay the remainder.
Bond companies make money because they charge a bond fee. They keep the percentage the accused pays to get the bond service. This means that the defendant is out of that money, even upon positive completion of the trial. State laws set limits on these fees, but they usually cost approximately 10 percent of the whole bond amount.
Most of the time, clients appear in court on time and fulfill the bond requirements. However, when they don’t show up, bonds companies can legally employ bail enforcement agents to find the missing clients. People often refer to these professionals as bounty hunters.
When they can’t find the clients, the bond company has to pay the outstanding bail. That’s when the bail bond officials can collect the assets that were used as bond security. This includes any collateral provided by family members and friends.
Many bonds companies don’t just process bonds. They also make money by handling private investigations and by serving legal papers in civil court. Since states regulate these services, the employees who provide them have to obtain separate licenses. Bond businesses also have to obtain a corporate license in order to fulfill state law obligations.