Bail bonds function as financial promises made to a courtroom, wherein a defendant goes to court whenever necessary throughout trial.
It’s not required but the defendant will stay in a jail until the trials happen, which can last a very long time.
Bail typically costs around a thousand dollars or more, however getting a bail bond is much more cost effective since many people can’t pay for bail on their own.
Not everyone has a few thousands laying around, so bail bondsmen are much more cost efficient.
Getting the help of bail agents only requires you to pay 15% of the total bail amount and the bondsman will pay the rest.
A bonding agency basically “takes a risk” once you pay them. Bail bond agencies asks for a down payment to be able to free the person from jail.
Premium refers to the down payment mentioned earlier, so it pays for the services given by the bail bond company. The charge of 15% is regulated by the state.
There are different ways you can pay for the bond and it is based on how much it is along with the cosigners.
Once the jail gets the paperwork, it can take one hour or up to 12 hours for someone to get released depending on the kind of jail.
Therefore, if the holding facility is busy it can take longer.
Bail agents get background checked and they’ll have to pass their exams and get a license from the State of Nevada.
Forfeiture occurs when a defendant doesn’t go to court. Bail bond companies take around two months to surrender the defendant to a court.
If the defendant doesn’t miss a court date, the bond will be paid to the court by the agency.
Exonerating the bail occurs once the defendant finishes their trials. Therefore the cosigner and the bail bonds company has to pay anything more to the court.