An person is arrested, booked and jailed, and a judge will determine whether bail is acceptable in their case before they are proved guilty or innocent of the crime. If bail is considered appropriate, the court will set a sum that will allow the convict to be released from jail before their trial begins, and the inmate is free to go with orders not to leave the state until the bail is posted. Have a look at bonds.
In 13th century England, the bail bonds scheme was developed as a means of buying the freedom of a prisoner from prison: today’s bail bonds policy is a way to offset the gap between the rich and poor classes, giving ALL citizens freedom before their trial starts, not just the wealthy. The 10 percent bail rate is set and managed by the Department of Insurance, but certain companies, depending on the firm, will legally charge 8 percent instead of the normal 10 percent of the bond, plus $10-$15.00. They face the loss of their license if an organization gives a discount.
If an individual is arrested in one of these places, in order for the inmate to be released, the entire bail would need to be posted, but if no one can afford to post the full sum, the court will allow a 3 (or more) person signature bond. Otherwise, before their trial starts, the defendant will stay in jail.
If a bail bonds firm does post bail, they will request an equivalent value form of collateral to be put up as the defendant will appear in court as protection. Types of collateral that are suitable are:
- True Property
- About credit cards
- Bonds and securities
- Personal credit as well as a bank account
The bond agent has the right to sell the collateral to recover their financial loss if the defendant skips out of town while on release. The person who posted it is the value of that land.