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Sometimes a defendant in a court case cannot raise enough
money to cover the entire bail amount. In such instances, the defendant, a
relative, or a close family friend can approach a bail bond agent as a
co-signer to post the bail. In this case the defendant needs to pay about 10%
of the bail amount and provide a collateral to the bail agent for the rest of
the amount. The bail agent provides an avenue for the defendant to be out of
custody until the day of the trail in court, thus allowing the defendant to
continue day-to-day life until the criminal matter is resolved. The bail agent
will provide for the many of the defendant's needs to ensure that the defendant
appears before the court as and when summoned. They should always be sure of
the defendant's whereabouts and should be able to locate the defendant in case
of forfeit.
If you need more comprehensive explanation about Bail Bonds you can go to San Antonio Bail Bonds.
Bond agents provide the co-signer or the defendant with the
receipts and copies of all signed documents and the information regarding the
status of the bond and changes, if any, in assigned court dates. They should
provide clear documentation regarding the status of any costs due, which were imposed
by the court. The bail agent must be able to provide the timely return of
collateral upon exoneration of the bond.
Bail agents charge about 10% of the total amount of the
bond, plus the actual, necessary and reasonable expenses incurred in connection
to the transaction. The amount of the bail bond has to be determined by the
court. The co-signer is responsible in the case of an absconding defendant. In
such cases, the bail agent will charge for all the expenses incurred while
searching for the defendant from the co-signer. The co-signer must be employed
and must be living in the same area for some time, in the event a collateral is
not provided.
Posted in: Business
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