You Can Find the Right Bond for You
Surety bonds and bail bonds are different. Surety bonds are used by the court system during legal mediation. These two types of bonds do operate similarly, but there are differences between them.
What is a Bail Bond?
A bail bond is used to release a person from police custody. When a person is arrested, they are placed in jail. They will go before the judge for a bail or bond hearing. The judge will set a bail amount that can be used for release from jail. If the defendant cannot afford the bail, they will remain in custody. Some people hire a bail agent to post the bond amount for them. These agents usually charge a 10 percent fee for their services. When the bond is paid, the defendant is released from jail until their next court date.
What is a Surety Bond?
Surety bonds guarantee that a financial obligation …
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