Supposing your loved one gets arrested, you will agree with me that you will immediately start looking for ways for the person to be set free. As much as there are many bail bonds agents to choose from, it is vital for anyone unfamiliar with the bailing process to have an idea of what they are getting involved in before signing the contract. The following are some of the factors that you should consider before deciding to bail out your loved one.
Bail Bonds are Loans
There is a lot of similarity between the concept used when you approach a bank in order to secure a loan to make a purchase of something you could not afford, and that used when you go to a bondsman to pay your entire bail amount because you cannot clear it out by yourself. After the bondsman covers for the bail, they will only be assured to get their money back if your loved one does not miss in any of the court scheduled appearances. Contract signing is a way through which the bond bail agent will be able to protect themselves against the huge risk of covering for your bail.
Bail Bonds Make You Responsible of The Accussed
Many people do not understand the fact that when you bail someone out of jail, you are taking full responsibility for their actions while they are out of bail. In cases where the accused gets arrested or flees once arrested on bail, you will have to pay for all the costs that the bail bonds agents will incur to get them back. The critical point is, if the accused has any form of misconduct, you will have to pay the price.
Bail Money Can Only Be Returned Once All Legal Proceedings Have Been Completed
If you choose to pay the bail money by yourself so as not to incur the fee demanded by the bondsman, you have to know that the bail money will not be returned to you unless the legal proceedings are completed. Regardless of the reasons you may be needing the money for it will not be available. You will have to be patient as this may take up to several months.
The State determines the Bail Amount
For you to be a licensed bail bond agent, you have to be licensed by the state you are practicing in and strictly abide by all rules and regulations set by the state. These regulations also govern the bail bond amount that the bail bond agents are allowed to charge. When it comes to bond bails; there is no room for shopping around to find the most affordable bond bail agent as the state determines the bond bail amounts.