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The process of posting a bail bond involves a contractual undertaking guaranteed by a bail agent and the individual posting bail. In such a case, the bail agent provides a guarantee to the court that the defendant will appear in court every time the judge requires it. Hence Criminal Lawyer Near Kitchener is an obligation signed by those who have been accused of a crime to secure their presence at the court when summoned.
The bail agent charges a percentage of the bail amount from the defendant for this service. So, one advantage of the Bail Bonds is that this obligation ensures that the accused will lose money if he or she does not appear for the trial.
Usually, a relative or a close friend of the defendant will post bail and co-sign. However, the cosigner or the person contacting the agent for the bail bond must guarantee to pay the full amount of bail if the defendant does not appear in court before the Criminal Lawyer Near Scarborough can be posted.
Sometimes the bail agent does not require collateral to post the bail. A person can be bailed out from jail with the signature of a friend or a relative. However, cosigners typically must be employed and must either own or rent a home in the same area for some time. After the agreement is signed, the bail agent posts a bond for the amount of the bail, to guarantee the defendant's return to court.
The merit of bail bonding:
-- The defendant agreed that he would attend a future proceeding
-- Till trial, the defendant will release from custody
-- It ensures that the party will not involve in illegal activity.
-- It ensures that all Payment and material will be correctly furnished.
The cosigner holds a lot of responsibility when entering an agreement with the bail agent, in that if the defendant fails to appear, the cosigner is immediately responsible for the full amount of the bail. Also, if the bail agent searches for and then finds the defendant, the cosigner is again responsible for all expenses the bail agent has incurred in the process.
The bail money will be refunded to the depositor after the judgment of the court unless the judge directs otherwise. If not received, then bail notification letters will be sent to the depositor. It is the responsibility of the cosigner that the premium is paid.
Criminal Lawyer Scarborough is right for only one year; if it continues for a more extended period, then the additional premium is collected. Any other expenses incurred in the transaction, such as long distance calls, travel, posting fees are to be paid by the cosigner to the bail agent. All appropriate paperwork has to be completed first by a deputy clerk in the Criminal/Traffic Division. All bail money posted in the court, the judge will transfer to another court which is processed by accounting clerks.
One can analyze that the bail bond is a written agreement that helps the defendant to release from custody. It ensures that all Payment and material will be correctly furnished. Bail bonding has its own merits and demerits. Sometimes the defendant fails to pay the amount; the surety has to pay the principal plus interest.
Bail Bond is likely the most misunderstood profession in our legal system. Lawyers, clerks, even magistrates within the criminal justice system who are exposed to bail bonds daily can often on give the most basic explanation of the process.
Compound this with the fact that most citizens who find themselves in the position of needing a bail guarantor (or at least thinking they do) will often be confused due to the stress of having a loved one incarcerated. Bail bondsman tends to enjoy more than a competitive edge when it comes to negotiating the terms of their service if any negotiating is done at all.
A bail bond is framed by the Criminal/Traffic Department where it accepts Payment for the bail in a municipal court prisoner daily. Visit Here once bail is posted, the prisoner will be released. Bail Bonds is a form of security deposited to persuade a release from the court. Accounts clerk verifies refund of bail money which has been posted in criminal/Traffic Department. Hire Oshawa Criminal Lawyers is a form of security, paid in cash, MasterCard, visa.
But in this case, the defendant or the cosigner needs to sign over collateral. The process is then similar to that of the other bail agents. The guarantee is returned to the defendant after the court summons is finished, and the case is closed. It indicates that the Bail Bonds is discharged. In some states, the court allows the release of defendants after they pay ten percent of the bail bond amount directly to the local jail or court. But this is only in some instances wherein the defendant cannot raise the entire bail amount at one time. However, in other states, defendants can arrange for the whole bail amount through a bail guarantor.
For a while now, there has been a massive shift toward bail bonds companies offering not only payment plans but little to no upfront down payments and interest. Criminal Lawyer Near Kitchener much like other industries, such as law firms, doctor offices, etc., it is not difficult to have clients not afford their service unless the business is willing to take additional financial risks and offer flexible payment options.
Smarter credit card users may realize once they factor in how much they would pay in residual interest, even credit card bonds have their downsides. While also becoming subject to credit card late fees, the payment options bail bonds companies offer start to look rather enticing.