A Bail bonds Richmond who does not have enough money to pay their court-ordered bail can hire a Bail bondsman. A bail bondsman works for a fee, typically 10% of the total bond amount. They also must secure some form of collateral, which can include cash or property. A bondman is required to take training and pass a state licensing examination to become licensed. This is to ensure that they know the law, are able to understand the complexity of bail and that they are able to properly evaluate the risks of posting a bail bond.
The bond is a legal document that guarantees that the defendant will return to court as ordered, or face financial penalties, such as a jail sentence. The bail agent will collect information on the defendant and cosigner(s), then determine the risk for that particular case. They will also explain the cost of the bond, which is typically 10% of the total bond amount. They will then fill out the necessary paperwork for the court and submit it to the judge for approval.
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The court will then review the bail bond and any other documentation before granting it. The judge will then set a date for the defendant to surrender. During the time between the arrest and the surrender, the bail bondsman will check in with the defendant frequently to make sure they are following all court orders. This can help reduce any potential jail time sentences, as showing up to work and regularly attending your bail bond hearings can show the judge responsible behavior.