A bail bondsman, also called bail bond broker or bonded bond broker is someone, agency or company who will act as an assurance to the defendant and pledge property or cash as security for the appearance of the defendant at court. A bail bond is a formal contract entered into between the defendant and the bail bond broker. The bail bond may be used for the release of the defendant from custody in exchange for an amount of money (a bail) in advance or in exchange for a certain period of time (the duration of which can be agreed upon). In addition, there are special kinds of bonds – surety bonds, signature bonds and surety bond certificates. While most bonds can be used for all sorts of legal proceedings, there are some which only have some legal uses. Get more info about bail.
When the bail bond is used to secure a defendant’s release from jail, the bondsman usually guarantees payment by the defendant in cash to the bondsman on the date specified by the bond. In some states, the bondsman has to make a minimum amount of deposit to ensure that the defendant’s release is achieved. However, if the defendant fails to show up, the bail bond is cancelled and the funds in the bail bond are forfeited to the state. Some states have laws that allow the bondsman to forfeit his deposited funds if the defendant does not appear in court or pay the bail. In this case, the bondsman has to pay the forfeited amount to the state to reimburse him for the loss.
When looking for a bail bondsman’s office, check the license of the bail bond brokers or the bail bondsman board. Many states will not license a bail bond broker until he or she is certified by the state. Before visiting the bail bondsman’s office, make sure to ask for the names and addresses of past clients. There may also be a list of companies on the website. It would be useful to know how much experience the bail bond broker has in terms of handling cases related to bail bonds. You should also enquire about the company’s history, whether it has been licensed and if the bondsman board has inspected the firm’s financial records and its compliance with federal and state laws. Finally, be sure that the bondsman has a website where you can get the latest information on his services.