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.
Of course, each bond type has different purpose and use as what mentioned earlier. With this in mind, if you want to learn more about this matter, I highly recommend that you keep reading.
Number 1. Cash bonds – cash bonds are used in situations when the friend, family members or defendant himself has requested to pay cash for the bail. Right after the defendant completed the requirement for the probationary terms of their arrest and showed up in all hearings, the money they paid will be returned. This isn’t recommended however as bail is typically costing thousands of dollars.
The truth is, this cash can be saved for an immediate or more significant needs rather than using it to get a release from jail. This bond type however is a more popular option amongst the elite, professional athletes, celebrities and several exclusive groups.
Number 2. Surety bonds – after arrest, this is another sought type of bond being used. When it comes to surety bonds, this works when someone gets arrested and taken into custody, they or another person might get in touch with an indemnitor such as bail bondsman to help them with the bail process.
Fact is, these are the types of bail bonds that include 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 all because of the fact that they will be used in federal crimes including tax evasion, bank robbery, embezzlement, kidnapping, counterfeiting, aircraft hi-jack and so on. So don’t be surprised if these bonds are a lot more expensive when compared to other bail bonds available.
Number 4. Immigration bonds – this may seem to be self-explanatory to many but the thing is, it’s way more complicated than what it looks. They are complicated because it is meant for crimes involving foreign nationals and similar to federal bonds, they are expensive since there’s greater risks to the bail bondsman.