Bail bonds are the agreements made between the courts and the defendants that carry a fixed amount of cash or property etc. as a guarantee money that the defendant would not behave outside the boundaries set the by the court and that the defendant would appear on all the following court case hearing dates.
The surety is a person who takes the responsibility of the defendant’s attendance at the court on the designated dates. Usually the surety is a lawyer, a friend or a family member. People who specially perform the task of acting as the surety are known as bail bondsman New York. The bail money will have to be paid to the court in case the defendant breaks the rules or is not able to make it to the court on the designated date.
There are a number of people who are not able to pay the bail money and this is where a bail agency comes into play. The agency charges about 10% of the total bailing amount from the accused. This fee is non refundable and it means that after the payment of this fee the bail bondman would appear at the court in case the accused is not able to make it to the court on the date of hearing.
In addition to this, the bail agent keeps collateral in the form of property or jewelry or any other valuables from the accused, his or her friends or family. If the collateral does not belong to the accused, the court orders special orders in the form of bail tickets to inform the police that the persons related to the accused are not arrested on his or her behalf. The court simply forfeits the amount which is paid by the bail agency and on the other hand the bail agency forfeits the collateral if the accused breaks the law or fails to appear at the court on the desired date and time.