Scenario
One:
When someone
is arrested on a bailable offense and bail is set, the defendant can
forfeit his/her right to see a judge within 72 hours of arrest (weekends
and holidays excluded) and bail out.
This is done
most commonly using of the these two methods:
The
defendant or someone other than the defendant will post cash bail at the
jail.
This
dollar amount is 100% of the set bail for the defendant's offense.
If the set
bail is $5000, the $5000 cash will need to be posted.
When the
defendant has fulfilled all of his/her obligations by appearing in court
on all matters until the case is resolved the cash posted for his/her
release will then be returned to the party who posted it.
Scenario
Two:
If neither
the defendant nor any family members or friends have access to the entire
bail amount, they can call a Licensed Bail Agent and arrange to post a
Bail Bond.
To post a
Bail Bond, typically you would need two things: PREMIUM and COLLATERAL.
Premium is
10% of the set bail (bail = $5000, premium = $500), and is considered
earned once the defendant is released on said bond and at that time is
non-refundable.
Collateral
is something for the Bail Agent to hold until the defendant has finished
all required appearances with the court, at which time it would be
returned.
Collateral
is usually one of four things: CASH, CARS, REAL ESTATE and in some
cases, SIGNATURES of someone who qualifies to be financially responsible
to secure the bond.
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