When it comes to bail bonds, there can be a lot of confusion about the types of bail bonds, and which one you need. We have had a few questions recently about bail bonds vs cash bonds. What is the difference between the two, and what is the best option for your situation. No matter what, we always recommend that you read your paperwork! The court always has legal terms and jargon that can be confusing, and could wind you up in a difficult position if you don’t know what exactly what you are getting yourself into. Here are some things you need to know about bail bonds and cash bonds.
Fines and Money Requirements
The bail bond form from the court will include a section asking permission to use the money for court costs and fines. When you work with a bail bondsman, you need to check on this form and make sure you aren’t paying fees twice. If you are offering collateral to secure a bond, you need to make sure the collateral is returned when your case is closed and the bond is released by the court. the court will provide an official court release of your collateral and this document is what you turn into the bail bondsman to obtain your collateral. Since there is a lot of back and forth with the cash bond, its typically recommended to use bail bondsman instead so you don’t have the hassle of the Collateral Receipt.
Some people consider using a cash bond because they want to save on the fees that a bail bondsman uses. A small cash bond may be easy for them to pay to the court. However, the average bail bond is difficult to predict as it could be $100,000. The cost of the bail bond is based on your age, the nature of the crime, and more. Here are some things to know about how bail is set:
- Most states have bail bond agencies charging fees between 10%-15%
- Bail bondsmen will require clients to pay a down payment and can divide up payments into a payment plan
How to Make Bail
When you are called to bail out a friend, loved one, acquaintance, or whomever it may be, it is important to know about the different types of ways to make bail:
- Personal Recognize Bond. When the court knows a person is likely to show up for court, they usually set up a personal recognize bond which allows the defendant to be released until their court date. Depending upon the court, some people may need to have a second party sign the bond as a guarantor.
- Cash Bond. The cash bond is posted with cash and some of the cash is returned to the person who posted the bond when the case is over. Fees and fines are deducted from the cash bond.
- Surety Bond. The surety bond is one that is provided by a licensed bail bondsman who puts the money on your behalf to the court. The bail agent will charge a fee for this service and normally asks for a guarantor or collateral to secure the bail bond.
- Property Bond. Depending upon the court, there are some situations when real estate can be used for a bond. Normally the equity in the property is what helps the court determine if it can be used.
If you need assistance with a bail bond, contact AAA Bail Bonds in Ogden today to have your questions answered by a trustworthy team of professionals.