FREE STATE BAIL BONDS
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"METHODS OF RELEASE" PLEASE REFER TO THE "DEFINITIONS" PAGE FOR A COMPLETE REVIEW OF THE TYPES OF BAIL BOND RELEASE AVAILABLE IN VIRGINIA Spending time in jail can be one of the most frustrating and demoralizing experiences imaginable. While people are incarcerated for many different reasons, they share one goal: To get out of jail as quickly as possible! Unfortunately, the court may set the bail at a price that exceeds the defendant’s resources, though it is within the jailed individual’s legal rights to contact anyone over the age of 18 for help in paying that fine. The cost of the bond depends on a variety of factors, and the bond is classified as a “surety” one, which is an agreement made between one or more persons and a bonding agent, where the bonding agent agrees to post the necessary bail so that a defendant can be released from jail. "BAIL" This is the amount set by the magistrate or judge, which must be posted in order for the defendant to be released from custody during his court proceedings. "BOND" This is the financial service provided by the bonding agent that allows the defendant to be released from custody. A bond will cost you a premium, and you will not get any of the money from the premium back because it is nonrefundable. In Virginia the bond cost for a "Surety bond" is set by the state and is 10% of the total bail amount and there may be additional costs incurred in connection with the transaction. The 10% fee is set by the state so all 'surety' bondsmen in Virginia are LEGALLY governed by this figure. If a bondsman offers a premium discount or rebate for your business, he is not following Virginia code and you need to be very aware of this. Some companies will finance bonds with a set amount down and the balance in a set period of time. This depends on the agent and the bonding company and is not set by any code. Be aware that if the amount financed is not paid by the agreed date, the bond is in violation; the defendant can be re-arrested and the bond revoked. "COLLATERAL" In many instances, there may be additional collateral that is required on a bond. This is set by the agent and can be any asset such as clear auto titles or 'deeds of trust' on property, that is held by the bonding company for security until the defendant finalizes all court proceeding. Collateral is normally returned to the indemnitor on the bond 15 to 20 days after finalization. This allows the bond to 'exonerate' or finalize and the right to appeal process has ended. At that point the collateral is free to be returned to the indemnitor. The costs associated with time spent behind bars can be high, both from a personal and financial standpoint. Free State Bail Bonds has made this process as painless as possible for thousands of people. Free State Bail Bonds is in the business of helping people out of jail in a discreet and professional manner. Contact us immediately in order to free your loved one as soon as possible. |
