If you or your loved one has been arrested, you may have heard the term "bail" being used. Bail is a financial arrangement that allows an accused person to be released from custody until his or her trial. However, not everyone can afford to pay the full amount of bail, which is where a bail bond comes in. In this blog post, we will explain what a bail bond is, how it works, and what you need to know if you ever find yourself in a situation where you or someone you love needs one.
A bail bond is a financial agreement between a bail bond agent, the defendant, and the court. The bail bond agent agrees to post the full amount of the bail in exchange for a fee, usually 10% of the total bail amount. This fee is non-refundable and is usually paid by the defendant or their family members. The bail bond agent assumes the risk of the defendant not appearing in court and is responsible for paying the full bail if the defendant does not show up.
To obtain a bail bond, the defendant or their family members must provide collateral or a guarantee that the defendant will appear in court. This collateral can be in the form of cash, property, or other valuable assets. The collateral will be kept by the bail bond agent until the defendant appears in court. If the defendant fails to appear in court, the bail bond agent has the right to seize the collateral to cover the full amount of the bail.
Once the bail bond agreement is in place, the defendant is released from custody and can return home until their court date. However, it is important to understand that being released on bail is not the same as being acquitted of the charges. The defendant is still required to attend all court hearings and comply with the conditions of their release, such as staying within a certain area or refraining from specific activities.
If the defendant appears in court as required, the bail bond will be exonerated, and the collateral will be returned to the person who provided it. If the defendant fails to appear in court, the bail bond agent can hire a bounty hunter to track down the defendant and bring them back to court.
If you or a loved one has been arrested, it is important to understand what a bail bond is and how it works. Bail bonds can be a useful tool for those who cannot afford to pay the full amount of bail. However, it is important to work with a reputable bail bond agent who can guide you through the process and ensure that you understand your responsibilities. At Mike Snapp Bail Bonds, we are committed to providing our clients with the highest level of service and support. Contact us today to learn more about our bail bond services in Orlando, FL.