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4 Types Of Bail Bond Services Whether you believe it or not, there are 4 types of bail bonds used widely in the industry. This can slightly differ on the other hand depending on the city, state and jurisdiction to which the bonding is taking place. In getting a release, the 4 most common heard of bail bonds used 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 situation to which the family, family member or defendant requested to just pay cash for the pail. Assuming that the defendant was able to complete the probationary terms required of their arrest and showed up to all court hearings, the money paid for the bail is returned in whole. This isn’t an advisable option as bail is typically thousands of dollars. This kind of cash may be saved instead for more immediate and important needs than just using it to get a release from jail. This type of bail however is pretty popular option among celebrities, elite persons, professional athletes and several other exclusive groups. Number 2. Surety bonds – when planning to get a release from jail, this is yet another option to get. This bail bond works when a person is arrested and taken custody, another individual or themselves may contact an indemnitor like a bail bondsman to help them in the bail process.
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These bail bonds normally include some kind of collateral for the bail amount required. This is primarily because of the reason that the accused will be released on bail and will have ongoing court stipulations like counseling as well as drug testing that should be completed or else, the indmnitor will take the 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 may include tax evasion, kidnapping, embezzlement, aircraft hijacking, bank robbery, counterfeiting and so forth. These bonds are expected to be more expensive than the typical bail bonds available due to the gravity of the case. Number 4. Immigration bonds – this is a bit self explanatory and they’re more complex than an average person thinks. These are the crimes for foreign nationals and quite expensive in price as well because they require the bail bondsman to take on greater risks.