How Bail Works
If you have never had to bail someone out of jail in North Carolina, you understandably might not know what a bail bond is and how the bail process works. Our experienced bail agents at L R & M Bail Bonds look forward to answering any more questions you may have. Keep reading for the basic information that you’ll need to know about how bail bonds works.
What is Bail?
Bail is some form of property given to a court to encourage the release of a defendant from jail. This ensures that the defendant returns to court for trial or they will forfeit the bail.
What is a Bail Bond?
If the defendant does not have the money or the assets to pay the full amount, they can utilize the services of a bail bond agent.
This money goes to the bail agent, who provides the bail bond. The bond acts as insurance that the defendant will show up for all court dates. If the defendant does not show for court, the bail agent then becomes responsible for the full bond amount.
What is Collateral?
Bail agencies may require collateral when writing a bail bond. Collateral can come in the form of property (homes, cars, etc.), investment accounts, or anything that has value. Collateral is used to cover the remaining amount of the required bail as extra assurance that the defendant will be present for their court dates. Collateral will be returned once the bail bond has been exonerated and the defendant has fulfilled all obligations.
Does the Bail Bond Amount Get Refunded After the Court Date?
No. The premium that is paid to the bail agency will not be returned because it is payment for the bail agent’s services.
Other Helpful Bail Tips
• Make sure you are given itemized receipts for all charges.
• Make sure you are given copies of all signed contracts and agreements.
• If you finance or set up payments for any portion of your bond, make sure you understand the terms of the agreement prior to signing.
• Make sure the bail agent you hire will be available after the bail bond has been posted. A professional bail agent will be there for you when you have questions during this process.
• Be cautious of using someone who is soliciting bail while working out of a car or standing on a street corner. Make sure your business arrangement is with a reputable bail bonds company.
For more information about bail bonds, give us a call or contact us.