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4 Types Of Bail Bond Services There are 4 different kinds of bail bonds used widely in the industry whether you believe it or not. This can slightly differ on the other hand depending on the city, state and jurisdiction to which the bonding is taking place. The 4 most common heard of bail bonds that are used to obtain a release are surety bonds, cash bonds, federal bonds as well as immigration bonds. You’re going to learn about how each type of bail bond works in the next lines. Number 1. Cash bonds – this bond is used in a scenario in which the family, family member or defendant has requested to simply pay cash for the bail. Assuming that the defendant was able to complete the probationary terms required of their arrest and showed up to all court hearings, the money paid for the bail is returned in whole. This isn’t an advisable option as bail is typically thousands of dollars. This kind of cash may be saved instead for more immediate and important needs than just using it to get a release from jail. On the other hand, many celebrities, elite persons, professional athletes and several other exclusive groups are using this kind of bail. Number 2. Surety bonds – when planning to get a release from jail, this is yet another option to get. This bail bond works when a person is arrested and taken custody, another individual or themselves may contact an indemnitor like a bail bondsman to help them in the bail process.
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These bail bonds normally include some kind of collateral for the bail amount required. This is due to the reason that the individual being released on bail will likely have ongoing court stipulations similar to counseling and drug testing that should be completed or else, the indmnitor will take the responsibility of the entire bail amount. Among general population, this type of bail bond is actually the most popular.
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Number 3. Federal bonds – these types aren’t as popular as what the couple of bonds mentioned earlier. This is because of the reason that they’re used only in case a person has committed a federal crime. Crimes like these include tax evasion, kidnapping, embezzlement, aircraft hijacking, bank robbery, counterfeiting and so forth. And because of the gravity of the case, you may want to expect these bonds to be more expensive than the typical bail bonds available. Number 4. Immigration bonds – this one is self explanatory and they are more complex than what an average person thinks. These are crimes for foreign nationals and pretty expensive in price as they require the bail bondsman to take on greater risks.