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What are Bail Bonds and Types of Bail Bond

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What are Bail Bonds and Types of Bail Bond

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  1. What are Bail Bonds and Types of Bail Bond

  2. What Is Bail Bond A bail bond is a type of guarantee bond to ensure that the defendant will show up for every court hearing later on. A judge sets the bail amount during the bail hearing.

  3. Types of Bail Bond • Cash Bond • Surety Bond • Personal Bond • Property Bond

  4. Cash Bond For a cash bond, cash is paid for the whole bail amount. A cash bond requires the full bail amount and is not financed through a bail agent.

  5. Surety Bond The surety bond is also called bail bond and is utilized when the arrested individual can't pay his whole bail amount. A Bail bondsman is hired who consents to pay the entire bail amount and charges a little level of the absolute bail amount from the defendant.

  6. Surety Bond is a unique type of insurance because it involves a three-party agreement. The three parties in a surety agreement are:

  7. Property Bond • In a property bond, a defendant’s property might be utilized as a bail bond. The estimation of the property should be twofold the bail amount. • The property can be forfeited by the court if the respondent neglects to show up for the court hearing. • Compared to a surety bond, a property bond takes time even weeks.

  8. 1737 Placer Street Redding CA 96001 https://www.hollybailbonds.com info@hollybailbonds.com

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