Bail bonds are the written promise signed by a person or by any corporation for act of being surety for any pledge money or a property for a defendant. This is a promise agreement of surety, and defendant for a bank or for an insurance company or for the court. If the defendant named in the bond fail to appear in the particular place e.g., court or bank the surety will be the responsible person to act on behalf of the defendant. It is very important to know how bail bond work, this is one of the method utilized to release the defendant, from the detention of law enforcement officials. This bail bonds are executed by the defendant family or friends of by the bill bond agent. This document is a promise notice to pay the penalty dogged by the court to commensurate with the gravity of the suspected misdemeanor, incase if the defendant fails to revisit for the trail date.
In case if the defendants are not financially strong and not able to pose their own bail, they seek the help of bail agent, by paying a nonrefundable fee of 10 to 20 percent of the entire amount of the bail. So the bail agent will become a liable person to the court for the full bail amount at the absence of defendant for the court date. All the bond agents have a standing security agreement with the court officials, by which they agree to place an unalterable blanket bond, this will pay the court and the bond agent is responsible if the defendant does not appear in the court on time.
The bail agent requires collaterals such as a written guarantee from the creditworthy friends or relatives or jewelry security of the defendant before agreeing to take over the entire risk of posting the bail. The defendant with a sound employment record and has no any previous criminal record and if the defendant residing in the community for levelheaded duration, then the defendant is considered as a good risk. Bail bonds Denver agents generally have an agreement with banks or other credit providers and with an insurance company to draw such securities, and during the hours when the bank is not operating. This will eliminate the need for a bondsman to deposit cash or a property in court at every time of new defendant bailed out.
The court clerk will issue the bail ticket, which will be send to the police to notify that the bail has been met, if the bail agent, the defendant or the another party post the bail bond at the court, so the defendant is required to come back for proceeding. So the defendant is released by the police custody if the police receive the bail ticket. If the defendant fulfills the condition applied on the bail bond by appearing to the court at the specified date, then the legal responsibility under the bill bond will get to an end. In case of death of the defendant or arrested for some other offense in the similar or dissimilar jurisdiction then it impossible to execute the bill bond conditions.