A bail bondsman gives the surety of bail for a defendant in a court of law. Banks, insurance companies and other lending institutions are usually reluctant in the risking of their money for posting of bails. The bail bondsman does not fear taking the risk since he is usually in the business of catering for the release of defendants
Bail bond has been seen to be effective in getting most of the defendants back in court for a hearing. The bond agents usually pledge to pay an irrevocable amount to the court may any of their defendants fail to appear in court. The bail bondsman usually makes arrangements with a financial institution for that fee even in the times the financial institution is not working. The financial institution usually gives the bail bondsman security and financial cover in the time that the funds are required.
To become a bail bondsman, you have to be qualified to do so by meeting some expectations. A bail bond agency needs to be registered before undertaking any bail bond activities. The bail bondsman also has to find an insurance company with which to draw some terms and come to an agreement. The bond agent usually charges a certain amount of money in percentage of the bail issued that is dependent on the type of charge.
The service fee demanded by a bail bondsman can not be refunded since it is the payment for the service given. The bail bondsman may also bill the defendant for other expenses incurred during the process. One can pay the bail amount as a percentage of the bail in deposit and pay the rest of it in bits. However, there is usually a limit time drawn for the total payment. The expected time of payment is determined by the bond agent.
Some assets can be stated as collateral for the agreed amount between the defendant and the bail bondsman. This security usually stands in when the defendant is unable to pay the bail. The bail bondsman is usually allowed by the court to bring in a defendant who fails to turn up in court. Through this the bail bondsman is able to regain the money paid. Should the accused fail to show up in court, the bail bondsman is allowed to sue him or his guarantor. This works to ensure that the defendant shows up in court as expected.
One needs not to have a criminal record to qualify as a bail bondsman. Defendants have it easy acquiring bails through the help of bail bondsmen and bond agencies. Bail bondsmen are only found in just a few nations due to the banning of the service in most nations.