As a matter of fact, bail bond services fall into four different types however, they can vary slightly depending on the state, jurisdiction and city to which this service is filed. Cash bonds, surety bonds, immigration bonds and federal bonds are the four most used types of bond services to help a person get their temporary release.
Number 1. Cash bonds – for this type of cash bond, it is being utilized in circumstances when the defendant, family members or friend requested to pay the bail in cash. Right after the defendant completed the requirement for the probationary terms of their arrest and showed up in all hearings, the money they paid will be returned. This isn’t recommended however as bail is typically costing thousands of dollars.
Rather than using the money for a release from jail, the money can instead be used for doing more significant or immediate needs. This bond type however is a more popular option amongst the elite, professional athletes, celebrities and several exclusive groups.
Number 2. Surety bonds – this is yet another very popular option with regards to obtaining release from jail following arrests. When talking about surety bonds, when someone is taken into custody, another person or themselves can contact professional indemnitor similar to a bail bondsman to assist them with bail.
In reality, these kinds of bail bonds normally include some sort of collateral for the bail amount required. This is because of the reason that the person who is about to be released will have court stipulations ongoing similar to counseling and drug testing that has to be completed or perhaps, the indemnitor wil take responsibility of the entire amount of bail.
Number 3. Federal bonds – now, for these types of bonds, they aren’t as common than the prior mentioned. This is because they are only used in case of federal crime similar to tax evasion, bank robbery, embezzlement, kidnapping, counterfeiting, aircraft hi-jack and many more. For some good reasons, these bonds cost more than other kinds of bail bonds discussed.
Number 4. Immigration bonds – this is somewhat self-explanatory yet, it’s more complex than what average person thinks. They are complicated because it is meant for crimes involving foreign nationals and similar to federal bonds, they are expensive since there’s greater risks to the bail bondsman.