There are basically four major kinds of bail bonds services that are widely used in the industry but, they can slightly different depending on the city, state and jurisdiction in which this service will be used. 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.
Needless to say, every type of bond comes with a different purpose and use like what is mentioned earlier. Thus, if you wish to learn more about this subject, I suggest that you keep on reading.
Number 1. Cash bonds – these bonds are used in instances when the family members, friend or defendant themselves requested to pay their bail in cash. By the time when the defendant has completed the requirement for the probationary terms of arrest and showed up in all court hearings, the money will then be returned in whole. However, you should know that this is not recommended as bail because it costs thousands of dollars.
As a matter of fact, this cash may be saved for more significant or immediate needs instead of using it to obtain release from jail. However, this bond type is more popular option amongst elite, professional athletes, celebrities and several exclusive groups.
Number 2. Surety bonds – this is another well known option when it comes to obtaining release from jail after arrest. 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.
Fact of the matter is, these bails are usually including a form of collateral for the amount of bail 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 – in comparison to these, they’re not actually as popular as what mentioned earlier. This is due to the fact that they’re used only in case of federal crime like tax evasion, bank robbery, embezzlement, kidnapping, counterfeiting, aircraft hi-jack and a lot more. For good reasons, these bonds are more expensive in comparison to other types of bail bonds discussed.
Number 4. Immigration bonds – this is somewhat self-explanatory yet, it’s more complex than what average person thinks. They’re complicated as they’re intended for crimes that are involving foreign nationals and much like federal bonds, they’re pretty expensive as it is requiring the bail bondsman to take greater risks.