Article for August 8, 2019

Different Types Of Bail Bonds 

Bail is an arrangement that allows a detained person to be released from jail by paying the court a specified amount of money. The bail money serves as insurance for the court that the accused person will show up at their trial. People can’t always afford to pay the bail that’s set, however, so they acquire a bail bond instead. Read more about the different kinds of bail bonds in Jacksonville, Florida.

Cash Bail Bond

The amount of bail money is determined by the gravity of the criminal offense you’re arrested for and the judge handling your case. If you can pay the full price for bail, then you will be released from custody as you await your trial. You can also get someone else to post your bail bond on your behalf if you cannot afford to pay it yourself.

 

Property Bond

Courts also accept other forms of payment besides cash. They can take property that equals to the same price as your bail amounts, such as real estate or cars. They even accept stock as collateral. If the accused fails to go to their trial, the court can claim your property as bail payment.

 

Recognizance Bond

This type of bond is sometimes called an own recognizance or OR bond and is easier to process than other bail bonds since no money is involved. If a judge grants you a recognizance release, the authorities can release you with the condition that you appear on your scheduled court dates and comply with all other requirements. Failure to cooperate with the agreed-upon terms leads to the defendant being required to pay a fee. 

 

Surety Bond

A bondsman secures this bond on the defendant’s behalf, usually because the detainee is unable to pay the bail in full. The agent gets a fee for their services, which amounts to 10% of the bail price. In return, the bondsman assures the court that they will pay the full bail amount if the defendant doesn’t show up at court. 

 

Signature Bond

This bond is similar to a recognizance bond in that the detainee is not required to pay bail to be released. The detainee is required to sign a legal document promising to appear in court and that if they fail to do it, then they will have to pay that bail money. It is also called an unsecured bond, and it is challenging to acquire like an OR bond.

 

All citizens are entitled to post bail, but this, of course, depends on the severity of the crime committed. Other factors are considered in determining the bail amount, such as the defendant’s responsibilities to society and their lifestyle. Familiarizing yourself with the types of bail bonds in Jacksonville, Florida, can prepare you for the next steps in your court proceedings.