A bail bondsman can be described as an individual or an organization that does the work of pledging bail in terms of money or property for an accused appearance in a court of law. Banks, insurance companies and other lending institutions are usually reluctant in the risking of their money for posting of bails. A bail bondsman, however, take it upon themselves to cater for the accused in court and securie their release.
Bail bond has been seen to be effective in getting most of the defendants back in court for a hearing. The court is guaranteed some money by the bail bond agent in the case where an accused does not appear in court as required. The agent usually has the backing up of a bank in such a scenario. This enables the bail bondsman to access funds at any time without having to deposit his own funds when required.
There are usually a number of requirements that need to be met for one to qualify as a bail bondsman. A bail bond agency needs to be registered before undertaking any bail bond activities. You have to be in agreement with an insurance agency that will help you in the undertaking of the business. Bond agents will generally require a ten percent or fifteen percent charge depending on the type of case.
The money charged by the bail bondsman is usually not refundable as it is considered a charge for services rendered. Other bills accumulated as a result of the course of activities can also be passed on to the defendant. One can pay the bail amount as a percentage of the bail in deposit and pay the rest of it in bits. The defendant, however, requires to have made full payment upon a stated time by the bail bondsman. The expected time of payment is determined by the bond agent.
Some security can also be provided for by the defendant. The assets quoted act as collateral in the event of failure to complete the bail payment. The bond agency can get the defendant to court in case he fails to turn up as required. Through this the bail bondsman is able to regain the money paid. The bond agent can file for a case in court in the event where the defendant does not appear in court. This works to ensure that the defendant shows up in court as expected.
Abiding by the law is also a requirement in the qualifications to becoming a bail bondsman. The service rendered by a bail bondsman or a bond agency has really helped a lot of people accused of crimes. This service is only provided for in a few places in the world having been outlawed in the majority of nations.