Getting acquainted with basic bail bond terms and conditionsby Silvia W. blogger
When the police take someone in custody, it becomes a distressful experience for that person and also for his family and other loved ones. Losing sleep and peace of mind in such situations doesn't help. One has to rise to responsibilities and get the person home. In case of grave charges, bail remains to be the only option for his release. But the process of the bond is not simple. You would need the help of an experienced advocate to complete this procedure. If you are in Dayton, you can head to Dayton Castle Bail Bonds Company for guidance in such matters. They are a thorough professional and have been in the bail bond industry for a long time.
But whether you approach them or someone else through your contact, it's better to know some standard bail terms and conditions beforehand so that you have an idea of the overall scenario. Here you can learn about some of the frequently used words and clauses in the bonds.
Who is bond indemnitor?
He is a guarantor or a co-signer. A guarantor is usually the defendant's family member or friend. When you sign a bond, you essentially take responsibility of the defendant that he will follow all the terms and conditions laid down in the contract and will attend the court hearing. You become his representative in the eyes of the court and the bail bondsman. Many times, a co-signer has to give collateral to ensure the defendant's presence in the court. By chance, if the defendant does not turn up, the court can forfeit the collateral.
What is collateral?
Real estate, cars, jewelry, stocks are some of the properties that have a resale value about them. A bail bond company often asks you to pledge any such thing as collateral so that it can be used in an emergency. It is other than the premium amount or fees that you need to pay to them. The pledged property remains with the bail agent till the case is closed. When the defendant is acquitted of the charges or sentenced, the collateral is returned.
What is a bail bond premium?
Bond premium refers to the cost that you need to pay for posting the defendant's bail. Usually, companies charge 10% of the bond amount. Suppose, if bail amount is $5000, you would have to pay $500 premium to the agency for helping you with the defendant's release. You can use cash, credit cards, or check for payment. It is non-refundable and has to be paid in full regardless of the final results of the case.
What are the terms and conditions in the bond?
The bond agreement happens between two parties, the guarantor and the bondsman. The contract paper has your name and contact address along with other details, such as the date of the agreement made, the criminal charge, bail amount, and the location of the court for a hearing. When you sign this paper, you, in essence, become responsible for the defendant's actions. If the defendant does not obey the conditions of the bail, the bond agent can use the collateral to pay the court in case of forfeiture.
So, these are some common terms and situations that you will come across when you meet a bail agent for assistance.
Created on Apr 5th 2019 00:59. Viewed 667 times.