No one ever really expects to find themselves arrested, but if that happens, a bail bond can help a person get out of jail quick. There are a few things people should know about bail bonds, just in case the situation presents itself. First, each State has laws that govern the process, and regulates the people who issue bonds. The standard cost of a bail bond, which can vary from State to State, is ten percent of the set bail amount. It can be higher in some States, but that is the exception, rather than the rule.
Regulations vary as well. In Connecticut, for example, bail bondsmen have to be licensed, they have to have a permit for a gun, and they have to carry one on the job at all times. Prior to the issue of a best bail bonds, written authorization has to obtained from either the defendant or a third party. All bonds in the State also have to have at least one co-signer. That may just be the most difficult part of the process. If the defendant fails to appear in court or does not pay the balance of the bond, the co-signer is responsible for paying the amount due on the bond.
That can be a significant amount of money. The bail bond pricing in new haven, set by the Connecticut Insurance Department, is ten percent. If full payment is not possible, a payment arrangement can be reached. The bondsman cost in new haven can be a down payment of thirty-five percent. The balance can be paid within fifteen months of the date of bail. So, for a $15,000 bail, for example, the bond is $1500, which makes the down payment $420. That $420 was enough to get the defendant out of jail. If the defendant fails to appear in court, the co-signer is responsible for paying $1,080 to the bail bond company.
If the defendant has a willing co-signer, there are five steps to bail process. The first is to call for immediate help. A bondsman can be dispatched within minutes at any time of day or night. The defendant or a third party has to then fill out an authorization form for the bond to be issued. A co-signer agreement form is needed, as is a payment agreement form. The last step is a credit card authorization form that will be kept on file so payments can be charged to the credit card. The process is kept short so the person can get out of jail fast, and go home.