Sunday, October 11, 2015

Help! Can a Bonding Company Bail Me Out??



Many defendants lack the financial means to post their own bail. To secure release, they may contract a commercial bond agent to act as surety for the bond. The agent posts bail after collecting a nonrefundable fee typically 10 percent in Washington, from the defendant or family or friends. Assuming the defendant does not have money to give the agent as security, an agent will obtain other collateral, such as jewelry, securities, or electronics. In return, the bail bond agent agrees to pay the remaining amount to the court if the defendant fails to appear.

There are approximately 14,000 bond agents in the U.S. Most states require a bond agent to be licensed. However, the license typically is not specifically for bonding purpose, but for property and casualty insurance. To obtain the license, the applicant must meet certain educational requirements. This allows a potential bail bondsman to be appointed by an insurance company to write bail bonds.
The defendant pays the agent for writing the bond. In turn, the agent pays the insurance company a premium. The bail agent is responsible for bond payment in the event a defendant fails to appear and cannot be located. Typically, bail bondsmen have arrangements with local courts, under which they agree to post a blanket bond. The bond frees the bondsman from having to deposit cash or property with the court every time a new client is taken on. Should any of a bondsman's clients fail to appear at trial, the court will be paid with the bond.

To ensure a defendant's appearance in court, a bail bond agent may require a defendant to check in by telephone or in person, or may require the defendant to be monitored in some other way. In extreme cases, a bail bonds 

person may place a guard on the defendant. A bail bondsman is not obligated to post bail if the agent concludes a defendant is not likely to fulfill the obligations of the bond.
Some states have outlawed the practice of posting bond for profit. In those jurisdictions, a defendant may be allowed to satisfy the requirements of the bond by posting 10 percent of the bail amount with the court. Some other jurisdictions, such as Maine and Nebraska, allow commercial bail on a limited basis.

If you or a loved one is in a bind as a result of a criminal charge, immediately contact a Seattle Criminal Attorney. A Criminal lawyer is not going to judge you, and understands that everyone makes mistakes. Hiring a Seattle Criminal Lawyer to help can – at a minimum – reduce penalties, and can help direct people on how to best deal with their criminal charge, and many times even get them dismissed. So it should go without saying that someone cited for a misdemeanor or felony should hire a qualified Seattle Criminal Lawyer as soon as possible. Criminal charges can cause havoc on a person’s personal and professional life. Anyone charged with a crime in Washington State should immediately seek the assistance of a seasoned Seattle Criminal Lawyer.

2 comments:

  1. Working in Los Angeles can provide the most opportunistic scenario for the normal ambitious entrepreneur. Even for a Los Angeles Bail Bonds company, ambition and an entrepreneurial spirit might just not be enough. John

    ReplyDelete
  2. Thank you so much for knowing how to find and choose the Right Bail Bonds Agent. You have described so well in which condition you have to choose and how.

    ReplyDelete