Most residents of Grand Rapids only hear about bails when someone is arrested, something that happens almost daily. They get to hear someone was released on a bail of a specified amount of dollars, and is supposed to return to court after a few weeks. Not many however actually know its meaning, or why suspects have to return to court once they have been released after paying it. For the residents wishing to find out about bail bond Grand Rapids and how it works, here is a look.
Looking at its background is a better place to start. Should a person be arrested on suspicious of committing a criminal act, they will be taken for booking a police officer in a jail. Once there, he or she will have to record a statement as well as have a mug shot photo taken and fingerprints. They will then stay in the jail until the trial date, unless they win bail.
Bail happens to be a financial arrangement made on behalf of a suspect by a bonding agency. Such an agency, acting for the suspect, will arrange with a court to have the suspect released from jail while waiting for the trial date. To do this, one has to part with money or collateral in form of bonds, assets or cash. Its monetary value is usually set by a court.
The bonding agency has to ensure that the defendant actually arrives in court on the set trail date. In case the suspect does not show up, the agency will be compelled to hire bounty hunter to look for him or her. It is worth bearing in mind that the United States is among the only nations in the world that still legalize bounty hunting.
A bond is security that the entire bails amount will be paid. However, some courts can accept either the entire bond or a 10% cash down payment in order for the suspect to be released.
It is also of importance to know how bonds together with bondsmen do their work. A bondsman works for a bonding agency, setting up a fee to facilitate the defendants releases on bails. A bondsman normally charges a fee of roughly 10% of the required amount for settling the bond. Even if the case is thrown out after the defendants posts bonds, the initial fee is usually nonrefundable.
The bondsman must get a kind of security against defendants assets so as to cover the bails costs. In case the defendant does not possess enough assets, then the bondsman can reach out to assets of people who are willing to assist the suspect, such as relatives or friends. When the security is gotten, a cash payment of 10% is usually needed by the bondsman in addition to a mortgage equaling the whole amount of bonds money owed.
In case a suspect does not attend his trial, a bail bond Grand Rapids bondsman can look for bounty hunters to search for them. Afterwards, he can sue the suspect for the amount forwarded to the court as bails.
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