There are four main types of guarantee bonds used in the industry; However, it is slightly different, depending on certain jurisdictions, the city, and states that the bond takes place.
The four most commonly used bail bonds used to get someone’s release from prison are bond guarantees, cash bonds, federal bonds, and immigration bonds.
Each type of bond has a different method for releasing someone from prison. Continue reading to learn more about cash bonds, guarantees, federals, and immigration; And, how do you get one in your particular city or country.
Cash bonds
- Cash bonds are used in situations when defendants, friends, or family members’ requests only pay cash for their guarantees.
- After the defendant resolved the necessary trial requirements from their arrest, and showed all their trials, the money was returned as a whole.
- This is not the recommended option because guarantees are usually thousands of dollars.
- This type of cash can be saved for more important or immediate needs; Instead of using it to get releases from prison.
- This type of bond has become a popular choice for elite people, celebrities, professional athletes, and other exclusive groups.
Surety Bonds
- Surety Bonds is another popular choice in terms of getting releases from prison after arrest. It is works like this:
- After someone is arrested and detained, other people or themselves can contact a professional butsemnitor, such as bondsman bail, to help in the guarantee process.
- This type of bond guarantee usually includes several collateral forms for the amount of guarantee needed.
- This is because people who are released on guarantees will most likely have ongoing court provisions, such as testing and drug counseling, which must be resolved or the Butativaitor takes responsibility for the total number of guarantees.
- So the personal signing for association guarantees most likely must pay non-refundable fees (percentage of the full amount of guarantee) as collateral.
- This form of guarantee association is most popular among the general population.
Federal Bonds
- These bonds are not as common as the ones mentioned above.
- This is because they are only used in the case of a federal crime.
- Crimes such as these include embezzlement, tax evasion, kidnapping, bank robbery, aircraft hi-jacking, counterfeiting, and more.
- These bonds, for good reason, are more expensive than the other common forms of Bail Bonds Service.
- Using a reputable and experienced bail bondsman for federal bonds is very beneficial and can make a big difference in a person’s bonding process.
Immigration Bonds
- Immigration bonds sound self-explanatory and little more complicated than the average person would think.
- It is extremely complicated because they are for crimes that involve foreign nationals and non-us citizens.
- These are expensive, just like federal bonds, because they require a bail bondsman to take on a great deal of risk.
- For examples, a person that is a citizen of Canada can commit a crime in the United States, then flee back to Canada once out on bail.
Leaving the bail bond agency responsible for the full bond (which can range from thousands to millions of dollars) because the defendant is not here to serve for their crimes.
Bail bonds can be quite confusing, most understandable; which is why it is highly recommended to consult a professional and licensed bail bond agent in your area to give you accurate information on bail bonds and how they are used in the legal industry.
