Bail bonds are a form of payment, delivered by an individual accused of a crime, which allows them to temporarily leave the jail system until they are officially tried in a court setting. Bail bonds are offered to individuals who cannot meet their bail requirements; those who cannot meet bail may be awarded this provision, which is typically facilitated by a bail bondsman or a bail bond agency. In the event that an arrestee is unable to satisfy the required bail payment, they may be eligible to borrow the necessary funds from an institution specializing in the provision of Bail Bonds; Bail Bonds are provided as surety loans that can vary in requirements for an initial payment – Bail Bonds percentage rates can range from 5 to 50% depending on the gross amount of the required bail payment.
That being said, the typical bail bond is instituted by a bail bondsman in the form of 10%. Upon the repayment of bail to the arrestee who has appeared at their hearing, the bail payment is then transferred to the Bail Bonds institution. In certain cases, a form of collateral will be expected to be exchanged for the Bail Bonds dispersed by that institution; this is in addition to the required initial payment.
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