Sunday, 28 September 2014

What is a Bail Bond


When you are in the unfortunate situation of having being arrested for any misdemeanor in the state of California, you are likely to face jail time, unless your offense is bailable and you can post a bail bond.

Quite often this is not a thing that is easy to arrange at a moment's notice, and this is where you can get bail bonds posted through bail bond companies who have been licensed to do so by the state's department of insurance. Check their license status before you or your friends approach them. This information is easily obtained over the internet or through the phone directories.

Regulations require that all bail bonds are obtained only after the payment of a premium which by law is fixed between 8 and 10 percent of the bond amount. It is possible to negotiate this and pay lower premiums. The normal charge is 10 percent, but if the co-signer for the bond is in the military or a veteran, a lower premium of 8 percent is accepted. Hiring a private attorney can also have the company charging you the lower rate.

The mode of making the down payment can be negotiated, and is easier if you or the co-signer holds a responsible job with an impressive job title. Down payments can be brought down to 3 percent, with the balance having to be paid in installments. Many companies will also wait for the release of the arrested person and post the bail bond to ensure this. But then the bails bonds agreement has to be signed immediately and the necessary or negotiated premium paid.

Bail bonds can help you to avoid the embarrassment and inconvenience of doing jail time. You may still face that situation if you lose the case when it comes to court.

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