There
are almost 15,000 bail bonds near me currently working in the United
States. With almost $14 billion in bond turnover рег year, there is ample room in this profession to
specialize in a variety of bail agent careers. The most common differentiation is one that
most of the public recognizes but many state governments commonly group
together. In many states, bail bonds near me and bail recovery
agents—popularly known as bounty hunters—are classified under the same title of
bail agent, even though they perform different services. Bail bonds near me provide
the funds necessary to release a criminal offender prior to their trial; this
is usually secured by property collateral or a co-signer. Bail recovery
agents are usually responsible for tracking down, arresting and returning a
fugitive defendant for their court date.
Within the bail bonds near me profession,
the easiest way to differentiate among these financial managers is to examine
the types of bonds that they provide. Just as there are a wide variety of
crimes that individuals can be charged with, there are a variety of types of
bonds that can facilitate a pre-trial release. These include surety
bonds, federal bonds, and immigration bonds. These types of bonds usually
involve different levels of financial risk and bail bonds near me who issue the
most common types of bonds may not provide higher risk bonds.
General Bail bonds near me
The bail bonds near me that is commonly
portrayed in the media is the surety bail bonds near me. This type of
bondsman is licensed by state governments to provide bail bonds for defendants
who are accused of one of a wide variety of crimes ranging from driving
citations up to capital murder. In return for a guarantee that the offender
will appear in court, the surety bail bonds near me puts up the money for the
entire bail amount. In most states, surety bail bondsmen are allowed to
ask for a percentage of the bail amount as the fee for issuing the bond.
This percentage can range from ten to 20 percent depending on state laws.
Like other financial professionals who
provide loans or bonds, bail bonds near me jobs involve ascertaining whether a
potential client should be issued a bond. The most common way to earn a
bail bond is to provide some sort of security like real estate or valuable
property, or to have a co-signer who will guarantee the defendant will appear
for their court date. Although this may appear to be a risky
financial profession, in some jurisdictions around the country, the risk to
bail bondsmen is minimal. In these jurisdictions, if a defendant fails to
appear for their trial, the bail bonds near me does not forfeit the full bail
amount, but may only be required to forfeit a small percentage—in some states
as little as five percent.
Federal Bonds
Bail bonds that are issued to defendants
charged with federal crimes are designated as federal bonds. Unlike the
more common surety bonds, federal bail bonds not only guarantee that a
defendant will appear for a court date, but that they will also comply with all
pre-trial conditions. These conditions may include regular drug testing,
restricted travel or limited business activities. Should the defendant
fail to meet any of these conditions, the entire bail amount could be
forfeited. There are relatively few bail bondsmen who
will issue federal bonds because there is the added risk that a defendant will
fail the terms of their pre-trial release. In order to secure this type
of bond, most defendants must produce collateral to secure the
loan. In most cases, the fees for a federal loan are significantly
higher than those for a comparable surety bail bond. Bail bondsmen who
engage in this type of business must usually become familiar with the federal
court system in addition to state laws.
Immigration Bonds
Immigration bonds are a type of federal
bond that is required to secure release from an immigration detention
facility. Bond recipients are usually in the custody of Immigration and
Customs Enforcement, a federal agency, but may be held in local or county
jails. Immigration bonds are considered by the bail industry as higher risk
bonds because immigrants have fewer ties to the community and are more likely
to flee rather than face imprisonment or deportation. There are fewer bondsmen
who are willing to engage in this type of bail business because of the increased
financial risks. Bail bonds near me who issue immigration bonds typically compensate
for this added risk by charging a higher fee, in some cases five percent more
than on comparable surety bonds.
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