There are four main types of bail bonds used in the industry; however, depending on the specific jurisdiction, town, and state where the bonding takes place, it may vary slightly. Protection bonds, cash bonds, federal bonds, and immigration bonds are the four most common bail bonds used to secure the release of a prisoner from prison. Each type of bond has a different way of freeing an inmate from custody.Learn more by visiting Chatham bail bondsman
Bonds in cash
In a case where a suspect, friend, or family member demands that they actually pay cash for their bail, a cash bond is used. The money is returned in full until the defendant meets the mandatory probationary terms of their arrest and shows up for all their court appearances. As bail is normally thousands of dollars, this is not a suggested choice. Instead of using this kind of cash to gain a release from prison, it can be saved for more serious or urgent needs. For elite individuals, celebrities, professional athletes, and other exclusive classes, this kind of bond has been a common option.
Bonds of Surety
Surety bonds are another common method when it comes to securing a prison release after an arrest. Surety bonds operate like this: if an individual is arrested and taken into custody, a professional compensator, such as a bail bondman, may be called by another person or themselves to assist with the bail process. Usually, these forms of bail bonds provide some kind of collateral for the amount of bail required. This is because the individual released on bail is more likely to have ongoing court conditions, such as substance monitoring and treatment, that must be met or the compensator is responsible for the entire amount of the bail.
These bonds are not as common as the above ones. This is because they are used in the event of a federal crime only. Crimes like these include embezzlement, tax evasion, abduction, bank robbery, hi-jacking of aircraft, counterfeiting, and more. These bonds are more costly than the other common types of bail bonds, for good reason. It is very helpful to use a trustworthy and professional bail bondsman for federal bonds and can make a great difference in the bonding phase of an individual.
Bonds on Immigration
Bonds for immigration sound self-explanatory. They are a bit more nuanced than would be thought of by the average citizen. Since they are for crimes involving foreign nationals and non-us residents, they are particularly difficult. Much like federal bonds, they are costly, and they enable a bail bondman to take on a great deal of risk.
This is why it is strongly advisable to contact a knowledgeable and licenced bail bond agent in your area to provide you with reliable knowledge on bail bonds and how they are used in the legal industry. Bail bonds can be very complicated, most understandable.