Types of bonds

The bonds are your ticket out of jail. Essentially, there are specialized loans that can be paid by the defendant in its entirety or by a special agency. In general, bonds are valid for one year and renewable at the end of the year if the deposit has not been exonerated. There are six main types of bonds: standard, federal, or foreign immigration, cash, property and surety.

Standard Bonds

The standard bonds are a unique type of loan insurance. Generally only insurance agents licensed to write bail bonds can publish this type of release from prison and appearance bonds. They are granted when a member of the family or friend contacts the bail agent before the defendant is released. In general, the securities are acquired by paying a small premium (10 percent of the bail amount) plus all related expenses, such as recording, storage, phone calls and travel costs. The fee schedule can be supplied before entering into an agreement.

Federal Bonds

Federal bonds can be obtained in most areas of the United States 24 hours a day, seven days a week. Bonding agents generally work on a “guards” whenever they are away from their offices. They have been used for hundreds of years, dating back to the times of Elizabethan England, as the most effective method to ensure the appearance of the defendant at trial. Federal bonds work differently than standard bonds. Due to the nature of the federal crimes, are usually higher risk and price than standard bonds, therefore most bail bond agencies will ask for a larger deposit.

Immigration Bonds

There are also other types of bonds that are specific to the crime. One of these is the immigration bond; they are people who are charged with crimes involving foreigners. The immigration bonds involve a greater risk and therefore are expensive and difficult to obtain.

Cash Bail

The cash bonds are for people who can afford to pay cash bail. These are by far the easiest to get as they come with very little risk to the agency issuing the bonds. However, it also tied the money used to bail to a court appearance. This can hinder the ability of the defendant to retain a lawyer.

Bonds and property insurance

The bonds involving insurance contracts and stipulations, such as driving to school or the preconditions of rehabilitation. In addition to the prerequisite, the guarantee for the amount of the bond required. The guarantees of property it is used when the property is used for security, however, these are very complicated and are completely dependent on the value of the property in relation to the amount needed to secure bail.