Most people out there are familiar with bail bonds, and some have even experienced a situation in which they have rendered their services. On the other hand, people are unaware that there are different types of bonds used to obtain a release from jail. Here are the most commonly discussed and used bail bonds in the industry.
A Surety Bond
This type of bond is also referred to as a bail bond. It is the most general and most commonly used bond in the industry. A bail agency will coordinate the bail bond for a person and charge a non-refundable fee, usually 10-15% of the total bond amount, depending on the state. This promises a quicker release from jail, rather than waiting for a court date, which can take anywhere from weeks to months. If the person pays for the agency's service, they are required to sign into a contract and a promise that they will show up for their scheduled court date. If they do not appear for court, the agency has a warrant issued for their arrest and they are listed as a fugitive of the law.
A Property Bond
There are instances when a person has been arrested for a major offense and the bond amount is very high. Not everyone in these circumstances has the cash they need to pay for their bail; so instead, they pursue a property bond. This is the case in which a person puts up the rights to high-priced personal assets, such as houses, land, businesses, cars, and anything else with equivalent value of the bond. Once they appear and complete their court hearings, their property can be returned. If the person is released from jail on a property bond and they fail to appear for court, they forfeit the asset they fronted for the property bond. They will also have an arrest warrant issued for their arrest and they will more than likely not receive another chance to be bailed from jail.
Being Released on Your Own Recognizance
This is a type of bond that is used for minor offenses like traffic violations. In the instance that a person is being released on their own recognizance, the federal law allows them to leave jail and be released, but only with the mutual understanding that the person is required to appear for their scheduled court date, as well as avoid any more criminal behavior.
Being Release on Citation
The very minor crimes, like j-walking, will be addressed with a citation release. This is when a police officer will write a person a ticket on the spot, and they usually have to call a number or go to the courthouse and pay a small fine. This is a strategy used to avoid over-crowding in county and local jails.
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