How Do Bail Bonds Work?

How Do Bail Bonds Work?

If you get arrested there’s a good chance that you’ll need a bail bond to get released. Many people may not know how a court bail bond paradise nv works and don’t know what to do when the worst happens. When you purchase a bail bond you are essentially purchasing an insurance policy that gives a guarantee that the person who is being bailed out will appear in court. If the defendant fails to appear in court the bail bond company must either surrender them into custody or pay the total amount of bail.

Collateral

In some rare cases, a bail company will require that collateral in case the defendant does not appear in court. After a defendant fails to appear the bail company must remand them back into the custody of the court within 6 months or they must pay the full bail. When this happens, collateral to liquidate can help ease some of the financial burdens off of the company. Some forms of collateral that are usually accepted are vehicles, life insurance policies, real estate, and stocks and bonds.

What’s the Cost?

In Nevada, you will be charged exactly 15% of the bond that was posted by the company. This is not refundable and legally is always the same percentage throughout the state. In some cases, the bail bond company may extend credit to their client in order to help them through financial hardships that they may be experiencing. If the bond that was paid on the defendant was in cash and not through a bail bonds company the money will be returned in full 90 days after the court process is completed.

What Happens After Court?

This is entirely dependent on whether or not the defendant shows up. If they complete the process the judge will determine that your bail bond is exonerated and is no longer active. If the defendant fails to appear the bail bond company must be contacted immediately. Many times, the bail bond company can work to get the bail reinstated so a warrant will not be issued for arrest.

How Long Does It Take?

Filling out and processing the paperwork involved in obtaining a bail bond usually takes less than a half hour. Once it is processed and submitted to the courts the defendant is usually released within the next 3 to 12 hours. This can vary based on the policies of the local police station concerning the booking process and how busy they are at the time.

What Are the Different Types of Bail?

Defendants may be bailed out of custody with either property, cash, or a surety bond. If a property is pledged the courts can foreclose on it if the defendant does not appear in court. If the bail is posted through cash the money is then held until the defendant appears at all required court hearings. If the defendant does not have the assets to post the bond with cash or property a surety bond can be issued by a bail bond agency or another 3rd party.

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