When you or a loved one is arrested, getting out of jail as soon as possible is likely the top priority. But how do you go about doing that? One way is to post bail with a bond. are basically an agreement between the court and the person posting bail (the obligor) in which they promise to pay back some amount of money if the defendant fails to appear for their trial.

There are several types of bonds available for release from jail, including cash bonds, surety bonds, and bail bonds. Each type has its own advantages and disadvantages depending on your financial situation and other factors. In this blog post, we’ll take a look at all three different types of bonds so that you can make an informed decision when trying to get someone released from jail quickly and safely.

Bail Bondsman Hamilton County Indiana 317-919-2489

Common Types of Bail Bonds

Cash Bonds

A cash bond is the simplest type of bond and requires that the obligor post the full amount of bail upfront in cash. The money is then held by the court or jail until either the defendant appears for their trial or forfeits if they fail to do so. When used, this type of bond is usually very quick and efficient since there’s no need to contact a bondsman and wait for them to process paperwork and issue a check.

Surety Bonds

A surety bond is a more complicated type of bail bond that involves two parties: an obligor (the person posting bail) and a surety (a third party company). The surety will typically charge a fee for their services, which can range from 10-15% of the bail amount. The obligor is then responsible for any money that may be forfeited if the defendant fails to appear for their trial.

Bail Bonds

Bail bonds are issued by professional bail bond companies and require less up front money than a cash or surety bond. With this type of bond, the obligor pays a percentage (usually 10%) of the total bail amount as a non-refundable fee to the company who will then post the full bail amount on their behalf. However, if the defendant fails to appear at their court date, the obligor will be held liable for any money paid out by the company as part of posting bail.

Why are bail bonds the best choice for getting out of jail? The main advantage of a bail bond is that it releases the defendant from jail while allowing them to build their case from home. This is in contrast to a cash bond, which requires the full amount of bail to be paid to the court before being released. Additionally, with a bail bond, you do not have to liquidate your assets or incur financial strain, as the bondsman takes care of the full bail amount. Overall, opting for a bail bond is a logical choice for individuals who need assistance in securing their release from jail without breaking the bank.

Conclusion

When it comes to posting bail, it’s important to understand the different types of bonds that are available to you. Cash bonds are quick and efficient but require the full amount up front in cash. Surety bonds involve a third party company who may charge a fee for their services, while bail bonds require less upfront money but can hold the obligor responsible if the defendant fails to appear at their trial. No matter which type of bond you choose, understanding your options is key to ensuring that you or your loved one gets out of jail quickly and safely.

Are you looking for professional assistance from a licensed bail bonds company in Hamilton County? Contact Uptown Bail Bonds at 317-919-2489 for 24 hour emergency bail bonds in Noblesville, Indiana. We also provide prearranged bail services for arrest warrant surrenders.

❶ Surety Bail

Hiring a bail bondsman to write a surety bond is the most common and preferred method for posting bail because it is the cheaper option, but also because it is safe, secure, and convenient. When you choose to hire a bail bondsman, you can expect to sign a bail bond agreement, which is a contractual agreement that bonds you to certain liability if the inmate does not meet the terms and conditions of the contract. And then you can expect to pay a non-refundable fee that is a percentage of the total bond amount. This percentage is state regulated, and generally ranges between 10 and 15 percent. A bail agent cannot charge more or less than the regulated limit. In some cases, the limit is reduced to 8%. So if the total bond amount is $2500, you can expect to pay anywhere from 8 to 15 percent of that amount for a bail bond. And you will not get your money back. In fact, if the person using the bail bond does not obey all terms and conditions, you have to pay the remaining bond amount on top of the money you already paid.

❷ Cash Bail

If you want your money back, you can choose to post bond with cash. But you will have to pay the entire amount upfront. This is the lesser used method because many people do not have the cash available to pay their bond premium. Bonds are generally in the thousands, and some as high as $50,000 or more depending on the criminal charges and criminal history. However, if a person chooses cash bail, they can simply pay the entire bond premium to obtain a release from jail, and they do not need a bail agent to do so. They can do it on their own. The money is returned so long as they attend all scheduled court hearings. If they miss a scheduled court hearing, all money is forfeited and will not be returned.

❸ Property Bonds

The rarest form of posting bond is the use of property bonds. In this case, a person would “put up” property or assets in return for a release from jail. Upon appearing for all scheduled court hearings, they will receive their property back. This can be done directly through the courts, or through a bail bond company. Property includes real estate, vehicles, bank accounts, and more. If a court hearing is missed, the courts will seize the property and not return it.

Hamilton County Bail Bonds

Hamilton County Bail Bonds 317-919-2489

Call Uptown Bail Bonds at 317-919-2489 to get out of the Hamilton County Jail in Noblesville, Indiana. We are licensed and insured bail bond agents who provide fast and friendly, 24 hour bail bond services in Hamilton County. Call 317-919-2489 to request a free estimate for Hamilton County bail bonds, today.

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Understanding The Different Types of Bonds Available for Release from Jail