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Know Which Bail Bond Services Is Ideal For Your Case There are 4 different kinds of bail bonds used widely in the industry whether you believe it or not. On the other hand, depending on the city, state and jurisdiction to which the bonding is taking place, this can have a slight variation. The 4 most common heard of bail bonds that are used to obtain a release are surety bonds, cash bonds, federal bonds as well as immigration bonds. You’re going to learn about how each type of bail bond works in the next lines. Number 1. Cash bonds – this bond is used in a scenario in which the family, family member or defendant has requested to simply pay cash for the bail. The money paid for the bail will be returned in whole as soon as the defendant completes probationary terms required of their arrest and showed up to all court hearings. This isn’t an advisable option as bail is typically thousands of dollars. Than getting a release from jail, the money can be saved instead for doing immediate and important needs. On the other hand, many celebrities, elite persons, professional athletes and several other exclusive groups are using this kind of bail. Number 2. Surety bonds – when planning to get a release from jail, this is yet another option to get. This particular bail bond works when someone is arrested and taken custody, another individual or they themselves might contact an indemnitor such as a bail bondsman to assist them in the bailing process.
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Normally, these bail bonds include some sort of collateral for the bail amount required. This is mainly because of the reason that the individual being released on bail likely have ongoing court stipulations similar to counseling and drug testing that should be completed or else, it is the indmnitor who will take the full responsibility of the entire bail amount. Among general population, this type of bail bond is actually the most popular.
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Number 3. Federal bonds – these are not as popular as what the couple of bonds that are mentioned earlier. This is due to the reason that they are only used in case that a person has committed federal crime. These crimes can be anything from tax evasion, kidnapping, embezzlement, aircraft hijacking, bank robbery, counterfeiting and so forth. And because of the gravity of the case, you may want to expect these bonds to be more expensive than the typical bail bonds available. Number 4. Immigration bonds – this is a bit self explanatory and they’re more complex than an average person thinks. These crimes are intended for foreign nationals and requiring the bail bondsman to take on greater risks, which is why it is more expensive.