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How to Understand How Collateral Bonds Work

Every country understands how bail bonds work, which give someone accused of a crime the chance to get out of prison until they are tried. Different states provide different types of coverage options, but the basic principles are the same in each system. The following is how to understand how a guarantee bonds work:

Bonds Work

Learn the basic terms.

Guarantees are money or other goods deposited or promised to the court to persuade the judge to release the accused from prison, with the understanding that the accused will return to court for trial. A bail refers to a promise made by a defendant or someone’s guarantor who promises to pay the defendant to the court for loss of bail if the defendant does not return.

Wait for the judge to set bail.

The aim of the bail arrangement is to ensure that the accused appears at trial without having to detain the accused. The bail amount has to be high enough so that the defendant won’t simply lose the bail amount and disappear. Many courts set bail amounts for each offence, though judges may deviate from those guidelines for good purposes.

Post bail in court or jail.

After the judge sets the bail amount during a court hearing, the defendant and guarantor can send bail to the court clerk during normal business hours, or in jail after hours. The court or prison will issue a receipt for bail, proving that bail has been posted.

Don’t miss your court date.

If the defendant does not return to court as requested, the court will schedule a confiscation hearing and issue an arrest warrant. The accused will have the opportunity to explain why he or she missed the trial date, such as a misunderstanding or unavoidable delay. If the defendant is not present for the foreclosure hearing or has no valid reason, the court will retain the bail amount.

Consider signing up with a professional warranty agent.

The bail agent, sometimes called the bail agent, acts as guarantor and pays bail on behalf of the defendant. The bail agent profits by charging the defendant a non-refundable fee. If the defendant fails to appear in court, the bond agent forfeits the bail amount. The agent is also authorized to arrest the accused for the purpose of bringing him to justice. Agents may hire a bounty hunter to catch the accused. The agent may also file a civil suit against a defendant or anyone who is required under a bail agent contract to recover the bail the agent paid to the court.