|
|
|
Bail Bonds
Most people are familiar with bail bonds.
Someone arrested on a criminal charge may be held until trial, unless they
furnish the required bail. The posting of a surety bail bond acquired by
or on behalf of the incarcerated person is one means of meeting the
required bail. When a bond is issued, the bonding company guarantees that
the defendant will appear in court at a given time and place. The
Government entity (state or federal) in whose court the defendant must
appear, is protected by the bond given them by the bonding company. If the
defendant fails to appear, the bond amount becomes forfeited and payable.
A surety insurer issuing the bond usually requires collateral (cash, a
deed, or other property) to protect the surety’s interest.
Bail bonds are issued by licensed "Bail Agents" who specialize in the underwriting and issuance of jail bail bonds. Bail agents act as the appointed representatives of licensed surety insurance companies. Bail bondsmen, bail bond agencies charge a fee for posting a bond called a bond premium. Typically this is a non-refundable fee. Premium can vary by state and type of bond required.
For Bonding information call 1-800-224-5937.
What are Surety Bonds
Surety Bonds are contracts
guaranteeing that specific obligations will be fulfilled. The obligation
may involve meeting a contractual commitment, paying a debt, or performing
certain duties. Under the terms of a bond, one party (the bail bond
company) becomes answerable to a third party (the court) for the acts or
neglect of a second party (the defendant).
Under modern surety-ship, an insurer’s promise of performance is available to meet a wide variety of business, governmental and individual needs. Surety bonds are required in a significant number of business transactions as a means of reducing or transferring business risk. State and federal government agencies require surety bonds for the purpose of reducing public responsibility for the acts of others, and the courts require bonds to secure the various responsibilities of litigants, including the ability to pay damages. A typical surety bond identifies each of three parties to the contract and spells out their relationship and obligations. The parties are: 1. A Principal – The party who has initially agreed to fulfill the obligation which is the subject of the bond. Also known as the Obligor. In bail bond maters this is the defendant. 2. An Obligee - The person or organization protected by the bond. This term is used most frequently in surety bonds. This is the court where the bond is returnable. 3. A Guarantor or Surety – The bail bond company issuing the bond or surety company. The surety company will protect itself against a loss by requiring a co-signer/s (imdemnitor) to pledge collateral as security for the risk of undertaking the bail bond.
LASD Jails Inmate Information Search The following main bailbonds, bail bond, bailbondsman, bondsmen cities are serviced 24 hours a day for criminal felony bonds, DUI DWI, drug possession, warrant, traffic, domestic violence, battery, assault, state, federal and immigration. Fianzas INS en los Estados Unidos. Serving all of California Bail Bonds 24 hours a day. Los Angeles, California / Miami, Florida / New York City, NY Find a Nationwide Bail Bonds Company in your area. A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Web-Site design by www.itsforall.com Email info@itsforall.com
|
|
Call 1-800-224-5937
For Bails Bond Assistance 24 hours a day.
Para ayuda en español llame a
1-800-224-5937 abierto 24 horas. |
