Once the bail has been set, it is important to understand the various bail options. "Cash" bail may include cash, but it can usually also be paid by certified checks, cashier' s checks or money orders. It is very important for whoever posts the cash bail to keep the receipt they receive so that they will be able to collect their refund once the terms of the bail have been met. Depending on the amount of cash bail, it may also be necessary for the Defendant or Surety to complete tax forms like IRS Form W-9 as well.
Unlike cash bail, signature bonds mean that a Defendant does not need to post any funds or property as security. Usually the Defendant only needs to sign the proper forms for the court clerk in order to be released. It is very important to pay close attention to any conditions or instructions that the Judge has given to be sure that Defendant understands exactly what he must do so that his bail is not revoked.
Corporate Surety Bonds are bail bonds that are secured by Bail bondsmen. Usually the Defendant or the Surety pays 10% of the total bail amount to the bondsman, and the Defendant or the Surety must have sufficient financial assets that they could pay the remainder of the bond if the bail is revoked or if the Defendant does not meet the conditions of his bail. Even if the Defendant does meet all of his bail conditions, the 10% remains the property of the bail bondsman and is not affordable bail bonds returned to the defendant.
Sometimes a Judge may approve Property bonds as collateral to secure a bond. Usually the Judge will require that the Defendant or Surety provide proof of ownership of the property, as well as an appraisal of value, and a list of any existing claims or other encumbrances against the property.
Once the conditions of bail have been met, the bail may be released or returned. However, it is important to remember that this does not happen automatically. Usually the Surety, the Defendant or the Defendant's attorney will need to file a motion or take some other action to recover the cash or property securing the bail. Always check with the procedures in your case and make sure that the proper steps are followed to have the bail returned to the appropriate person.
Bail bonds are usually set during a formal procedure called a bail hearing. If certain types of bail bonds are being considered, like a secured bond or property bond, the Judge will consider information about the Defendant's financial resources and the sources of whatever property or funds will be used as collateral for the bail bond. Corporate Surety Bonds are bail bonds that are secured by Bail bondsmen. Usually the Defendant or the Surety pays 10% of the total bail amount to the bondsman, and the Defendant or the Surety must have sufficient financial assets that they could pay the remainder of the bond if the bail is revoked or if the Defendant does not meet the conditions of his bail. Even if the Defendant does meet all of his bail conditions, the 10% remains the property of the bail bondsman and is not returned to the defendant.