What Is a Bail Bond?
A bail bond is an agreement by a prison defendant to look for trial or pay a sum of cash set by the courtroom. The bail bond is cosigned by a bail bondsman, who expenses the defendant a payment in return for guaranteeing the payment. The bail bond is a type of surety bond.
The industrial bail bond system exists solely within the United States and the Philippines. In different nations, bail may entail a set of restrictions and conditions positioned on prison defendants in return for his or her release until their trial dates.
·A bail bond cosigned by a bail bondsmen is posted by a defendant in lieu of full payment of the bail set by the court docket.
·The bail bond serves as surety that the defendant will seem for trial.
·Judges sometimes have extensive latitude in setting bail amounts.
·Bail bondsmen generally cost 10% of the bail quantity up front in return for their service and may cost further fees. Some states have put a cap of 8% on the amount charged.
·The bail system is broadly seen as discriminatory to low-revenue defendant and contributing to the mass-incarceration of young African-American males.
How a Bail Bond Works
An individual who's charged with a criminal offense is typically given a bail listening to earlier than a decide. The amount of the bail is at the choose's discretion. A decide might deny bail altogether or set it at an astronomical level if the defendant is charged with a violent crime or seems prone to be a flight danger.
Judges generally have wide latitude in setting bail quantities, and typical quantities differ by jurisdiction. A defendant charged with a nonviolent misdemeanor could see bail set at $500. Felony crime prices have correspondingly excessive bail, with $20,000 or more not uncommon.
The commercial bail bond system exists solely within the United States and the Philippines.
Once the amount of the bail is ready, the defendant's decisions are to remain in jail until the costs are resolved at trial, to rearrange for a bail bond, or to pay the bail amount in full until the case is resolved. Within the last instance, courts in some jurisdictions settle for title to a house or other collateral of value in lieu of money.
Bail bondsmen, also called bail bond brokers, present written agreements to felony courts to pay the bail in full if the defendants whose appearances they guarantee fail to look on their trial dates.
Bail bondsmen usually charge 10% of the bail quantity up entrance in return for their service and will cost further fees. Some states have put a cap of eight% on the amount charged.
The agent can also require a statement of creditworthiness or could demand that the defendant turn over collateral in the type of property or securities. Bail bondsmen usually accept most property of worth, together with automobiles, jewelry, and homes as well as stocks and bonds.
As soon as the bail or bail bond is delivered, the defendant is released until trial.
The Disadvantages of the Bail Bond System
The bail bond system has change into a part of the larger debate over mass incarceration, particularly of young African-American men, within the U.S.
The bail bond system is considered by many even in the authorized career to be discriminatory, as it requires low-earnings defendants to stay in jail or scrape collectively a ten% cash price and the remainder of the bail-in collateral—even before they stand trial for any crime. PrisonPolicy.org says that about 536,000 persons are being held in jails within the U.S. because they can not afford bail or a bail bondsman's providers.
Four Click here! states together with Illinois, Kentucky, Oregon, and Wisconsin have outlawed bail bondsmen and instead require a ten% deposit on the bail quantity to be lodged with the court. In 2018, California voted to eradicate cash bail requirements from its court docket system.