The 4 Most Important Types of Bail Bonds

There are four main types of bail bonds used in the industry; however, based on the specific jurisdiction, city, and location the bonding actually takes place, it may differ slightly. The four most basic bail bond notices used to get a person released from arrest are security bonds, cash bonds, federal bonds and immigration bonds. Growing kind of bond requires another method of releasing a person from arrest. Continue to read about cash, security, federal bonds, and immigration bonds; and how to get one in your particular county or city. Learn more about Connecticut Bail Bonds Group.

Bonds in cash

A cash bond is required in a situation where an accused, friend, or family member is simply demanding to pay cash for their bail. Usually the cash is returned in total once the accused completes the essential probationary conditions of their criminal arrest and shows up to all of their court hearings. This is not a recommended option as bail usually amounts to thousands of dollars. This type of cash can be saved for more immediate or important needs; rather than being used to get a prison release. For top notch individuals, superstars, professional sports players, and additional special organizations, this form of bond has become a prominent preference.

Credit Bonds

Surety bonds are another common option for trying to get a release from prison after an arrest. Surety bonds work like this: once a person is caught and taken into custody, another person or themselves may contact an Indemnitor specialist, such as a bail bondman, to guide in the bail process. These types of bail bonds usually include some sort of collateral for the amount required for the bail. This is because the person released on bail would most likely have additional court stipulations, such as therapy and prescription of medications, to be undertaken or the Indemnitor needs liability for the entire bail sum. Thus, the personal signing of the bail bond would most likely have to pay as protection a non-refundable fee (a percentage of the full bail amount). Of course this type of bail bond is most well known among the general population.

Federal Government debt

These bonds aren’t as common as the types above. This is usually because in the case of a federal crime, they are simply used. Crimes like these include embezzlement, tax evasion, kidnapping, bank theft, hi-jacking aircraft, counterfeiting and more. These bonds are even more costly than the various common types of bail bonds, for a great cause. Using a trusted and experienced bail bondman for federal bonds is usually extremely helpful and can make a big difference in the bonding process for a person.

Bonds on immigration

Bonds on immigration sound self-explanatory. They ‘re a little bit more complicated than what the average person think. They ‘re incredibly complicated as they’re for crimes involving foreign nationals and residents who are not us. They ‘re expensive, just like federal bonds, because they need a bail bondman to consider a big risk offer. For example , a person who is a resident of Canada may commit a criminal offense in the U.S., after that flee back to Canada once out on bail; leave the bail bond service provider accountable for the full bond (which can range from hundreds to thousands of dollars) as the accused is not here to serve their criminal actions.