Some people are unaware that there are many different kinds of bail bonds in the legal industry. Each bail bond is used for difference circumstances, and knowing which bond you need is important. Read on to learn some of the most common bail bonds used in the judicial systems.
Property Bonds
A property bond is basically a substitute for cash in the circumstance of an arrest. When a person has been accused of a serious crime, their bond amount is going to be set at a very high number. In these circumstances, a person may not have all the available funds to post their own bail, so they turn to a property bond instead. A person actually uses the value of their property to post bail. If the person fails to complete all their court ordered obligations, including hearings, probation, fines, and community service, they will lose their property. These are generally used in felony cases.
Surety Bond
This is probably the most common bail bond used in the United States. A surety bond is your standard bail bond, where a person is arrested and posts their bail through a bail agency that uses a bail bond. The bail bond usually costs between ten and fifteen percent of the original bail amount. It differs from state to state. The price of a standard bail bond is mandated and regulated by state law, so a bail agency cannot charge more than they are permitted. There are no refunds on a surety bond. Once you pay the bail agency the ten or fifteen percent of the bond amount, you can be released from jail but will not receive that money back. If you fail to show for court hearings, the bail agency will send a bounty hunter to take you into custody.
Citation Release
A citation release is a form of bond but is not used to get out of jail. It is used for minor offenses like j-walking or double parking. A police officer will write the citation, which typically orders you to pay a fine or show up for a court hearing. You are not taken to jail, but you do have to follow up with the law to stay out of it. This is a strategy that over-populated cities use to keep the jails from becoming too crowded.
For more information on common bail bonds in Monticello, Indiana, call Justice Bail Bonds today. We are compassionate and expert bail bond agents that are happy to answer any questions you have about bail bonds in Monticello, Wolcott, Monon, White County, and Danville, IN. Call us at 574-583-6125, or visit our White County Indiana Bail Bonds website today!