Whether you believe it or not, there are 4 types of bail bonds used widely in the industry. On the other hand, depending on the city, state and jurisdiction to which the bonding is taking place, this can have a slight variation. Surety bonds, cash bonds, federal bonds as well as immigration bonds are actually the 4 most common heard of Florida 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 situation to which the family, family member or defendant requested to just pay cash for the pail. The money paid for the bail will be returned in whole as soon as the defendant completes probationary terms required of their arrest and showed up to all court hearings. 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. On the other hand, many celebrities, elite persons, professional athletes and several other exclusive groups are using this kind of bail.
Number 2. Surety bonds – when planning to get a release from jail, this is yet another option to get. 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.
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. This marion bail bonds is actually the most popular choice among general population.
Number 3. Federal bonds – compared to the first two bonds discussed, these types are not as popular. The reason for this is that, they are used only in the event that a person has committed federal crime. These crimes can be anything from 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 – this one is self explanatory and they are more complex than what an average person thinks. These are the crimes for foreign nationals and quite expensive in price as well because they require the bail bondsman to take on greater risks. For more facts about bond laws, visit this website at https://www.britannica.com/topic/bond-law.