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What kind of activity is bail bonding?
Bail bonding occurs when a bail bond agent pledges money as bail for an individual who is accused of a crime. While this is a common practice in the United States, it does not occur in most other countries.
What is a commercial bail?
Commercial bail refers to those instances when the bail bond is posted by a bail bondsman. Commercial bail is often referred to as surety bail bonds. When commercial bail is used, the bonding company is an insurer against the defendant failing to appear in court. The insuring bonding company's premium for is a percentage of the total bond amount (usually 10%).
Which bail system requires the defendant to pay a percentage of the bond to a bonding agent who then posts the full bail amount?
Surety bail system
Can the bail bondsman sue the bonding person for the total of the bail bond?
I believe that the terminology used in the question is mixed up. The bailbondsman IS the bonding person. If the defendant he has posted bail for absconds on him, the bond he posted is forfeited to the court, and he certainly CAN sue both the defendant AND anyone else who signed the bail contract, for the recovery of his lost bond.Another alternative is for him to send a "bail-agent" (bounty hunter) after the defendant. If he returns the absconding defendant to the court, that is the only way he can recover his money from the court, but he still may sue to recover his costs of hiring the bail agent out to recover the absconder..
Can a bail bondsman legally offer bail at 5 percent?
The answer to this questions varies from state to state. In some states five percent bail bonds would be legal. In others in others (such as Indiana) bonding out folks at five percent would be a felony.
How lucrative is the bail bonding business?
Good. They make 10% if every body shows up for court. Unfortunately some guys try to jump bail land skip out. That's where dog the bounty hunter comes into the picture.
What is an element of bonding?
face value similar to the principal amount of a loan.
What forces does H2O have?
Hydrogen bonding isthe principal force. There will be weaker forces diplole-dipole and dispersion forces.
What is a common payment plan that bail bondsmen offer?
There are no "common" payment plans. Some states regulate bail bondsmen on a state level and through the insurance commissioners office.. the length of payment options is determined by their rules. If there is no regulations in place for the bail bondsmen in a state then the bonding agency it self determines what it would allow. www.wikiwikibailbonds.com
how do you start a bail bonding company?
Sure there are! Just visit www.snagajob.com and locate custodial work in your area. You can also visit www.craigslist.org for employment opportunities in your area.
how do you know who posted your bail?
If the bail is paid through the bail bonding agency, contacting the bail bondsman responsible should provide you with the information. However, if the person providing the fund and collateral is not related to the inmate, the bail bondsman may not reveal the identity for the reason of privacy. For example, a criminal organization may wish to bail its agents through a proxy, without revealing its identity. If you are the victim of a crime and are interested in whether the crime perpetrator has been bailed, you may contact the police or district attorney's office. Lastly, for other cases where family members may have posted the bail, contact the clerk responsible for your case at the courthouse should be sufficient.
What happens if you bail someone out of Jail and they are later found guilty?
The bond money is only to ensure that the accused shows up for court. As long as the accused attends all their court appearances, it makes no difference whether they are found guilty or not, the person putting up the bond will have it returned to them. If the services of a bail bondsman are used, the only cost will be the fee for using their services (usually somewhere around 10% of the bail amount). However - if the defendant fails to make a court appearance the bond money is forfeited to the court. Bail is a fee that is paid to the courts to ensure that a person charged with a crime will return to be tried. If the accused does not return for trial, the bail money is forfeited. If the person returns for trial, the bail money is returned. So, it is in the interest of the one paying bail to ensure that the accused returns. That is where bail bonding companies come in. For a fractional amount of the bail, they will pay your bail up front. If you return for trial, all is well (they get their money back and keep your fee). If you don't, they send a bounty hunter to find you and collect the entire amount of the bail (and turn you over to the authorities for skipping bail). But a guilty finding has no effect on the bail payer. Otherwise, bail bonding companies would all go out of business very quickly. The same is true when an individual pays bail. If you pay someone else's bail and they are later found guilty of the crime, that has no effect on the bail payer. If the person returned for trial, the bail money would have been returned to you. If you pay their bail and they skip, you lose the bail money and will have to find the person to get it from them. If they are ultimately found and tried and found guilty, they will be sentenced for their crime (jail, fine, etc.). But the person who posts bail is not affected by the verdict in the criminal case. Paying bail for an ultimately guilty person is not a crime.
