defendants can be released from the custody of police under many circumstances one of them include use of a bail bond. Defendants in question are normally charged with crime and waiting for trial in court. An agreement document needs to be signed by either the defendant, their relative or friend, or a bail bond agent. The document directs the client to forfeit a certain amount of cash upon failure to appear at the trial hearing in court at a later date. When there is need for an agent in bail bonds Richmond VA has to be visited.
Bail bond agents are kinds of agents that offer the kind of money that is needed in order for a defendant to be released. Since many defendants usually lack the amount of money needed, especially if the crime is a serious one, they usually seek the services of an agent. Usually the agent is paid an amount of money that is equal to between ten to twenty percent of total amount paid.
All liability owed to the court concerning the bond is transferred to the agent once they are hired by the defendant. In that case, the defendant is a client to the agent. Defendants are usually not released on small amounts of money. The amounts can be overwhelming in certain situations, which requires the agent to be sure that they will be paid back. To be sure, agents require collateral. Collateral puts clients under pressure to honor the agreement between the two parties or they should forfeit whatever they gave up.
There are many forms of collateral one can give. Major ones include jewelry, securities, title deeds, and written guaranties from friends and family members who are credit-worthy. The collateral covers any losses that may arise in the course of doing business. If the item given up as collateral is sellable, the agent sells it to get their money back. Guaranties are taken to court to make people who signed them honor their end of the deal and pay up.
Agents do not accept all clients, they weight the risks involved. Certain factors such as criminal records, employment, and location of residence are among what agents consider. Clients are classified into good risks and bad risks. Clients considered to be good risks are those with good records of employment and crime and have also resided in the location for long.
When the agent agrees to offer services to a defendant, they go to court and post the bond. The court cannot be any other, other than the one in which trial is meant to happen. The nature and degree of the crime one is being charged with determines the amount to be paid. The amount is higher in bigger crimes than in small ones.
The court clerk issues a ticket when the bond is received. Law enforcement officers are sent the ticket, notifying them of fulfillment of bail requirements. The defendant gets released immediately afterward.
When the trial happens and the defendant appears in court, the liability under bail is terminated. Besides this circumstance, another situation under which liability is terminated is if the terms expressed in the agreement cannot be executed. This is possible only if a defendant is imprisoned, arrested, dead, or detained. This may happen in the same jurisdiction or in a different one.
Bail bond agents are kinds of agents that offer the kind of money that is needed in order for a defendant to be released. Since many defendants usually lack the amount of money needed, especially if the crime is a serious one, they usually seek the services of an agent. Usually the agent is paid an amount of money that is equal to between ten to twenty percent of total amount paid.
All liability owed to the court concerning the bond is transferred to the agent once they are hired by the defendant. In that case, the defendant is a client to the agent. Defendants are usually not released on small amounts of money. The amounts can be overwhelming in certain situations, which requires the agent to be sure that they will be paid back. To be sure, agents require collateral. Collateral puts clients under pressure to honor the agreement between the two parties or they should forfeit whatever they gave up.
There are many forms of collateral one can give. Major ones include jewelry, securities, title deeds, and written guaranties from friends and family members who are credit-worthy. The collateral covers any losses that may arise in the course of doing business. If the item given up as collateral is sellable, the agent sells it to get their money back. Guaranties are taken to court to make people who signed them honor their end of the deal and pay up.
Agents do not accept all clients, they weight the risks involved. Certain factors such as criminal records, employment, and location of residence are among what agents consider. Clients are classified into good risks and bad risks. Clients considered to be good risks are those with good records of employment and crime and have also resided in the location for long.
When the agent agrees to offer services to a defendant, they go to court and post the bond. The court cannot be any other, other than the one in which trial is meant to happen. The nature and degree of the crime one is being charged with determines the amount to be paid. The amount is higher in bigger crimes than in small ones.
The court clerk issues a ticket when the bond is received. Law enforcement officers are sent the ticket, notifying them of fulfillment of bail requirements. The defendant gets released immediately afterward.
When the trial happens and the defendant appears in court, the liability under bail is terminated. Besides this circumstance, another situation under which liability is terminated is if the terms expressed in the agreement cannot be executed. This is possible only if a defendant is imprisoned, arrested, dead, or detained. This may happen in the same jurisdiction or in a different one.
Keine Kommentare:
Kommentar veröffentlichen