Bail bonds come in handy to save a loved one from jail when they are arrested. When you hear your loved one has been arrested, you can’t wait to post the bail to have them released. In fact, bail bonds are loans most issued by bonding companies to assist the defendant access of their freedom. Besides helping the defendant to be freed, bail bonds have some interesting facts that govern how they are used. Let us get more in-depth information on these facts.
Bail Bonds Can be Revoked
Before a defendant is set free, the court and the bail bond agent must set the conditions of the bond. If the defendant violates the set rules and regulations, they may be re-arrested, and the probability of qualifying for bail in the future becomes dimmer. The bond agent will require the defendant to submit collateral temporarily, and they may come looking for him if they fail to appear in court.
Availability
It’s interesting to note that bail bonds aren’t available in all states. Bail bonds are private lending agencies that work in a specific area. The U.S. and the Philippines are the only countries that have commercial bail systems in the U.S.; for example, several states allow bail bonds such as California. Some states that do not allow bail bonds include Kentucky, Maine, Illinois, Wisconsin, Oregon, Nebraska, Massachusetts, and Washington D.C.
The State Regulates Bail Fees
The state sets the rules governing bail bonds; thus, the bail bond companies have to adhere …