Bail Bonds In Santa Clarita: Types Of Bonds -- April 22, 2015

There are three types of bonds that can be used for the release of an inmate. The three types of bonds are cash bonds, surety bonds and property bonds.

 

“We most commonly use surety bonds, which is an undertaking of bail, “ said Inessa Chavez, vice president of All American Bail Bonds in Santa Clarita.

A surety bond is a contractual undertaking guaranteed by an admitted insurance company or bail agent with a premium percent of the bail amount that is charged, according to the California Bail Education textbook.

A cash bond is usually used by a defendant alone, without a bail agent, according to the textbook. The defendant would post 100 percent of their bail amount in cash with the court.

A property bond, which is used rarely, is where a court holds the defendant’s property to secure 100 percent of the bail amount, according to the textbook.

“Using a bail agent and a surety bond is one of the best ways to ensure your loved one is out of court as soon as possible,” Chavez said. “You pay us a percentage of the bond up front and we post bail for your loved one.  You then gradually pay us back. It really is the best way to help you financially.”

Bail agents commonly charge between 10 percent and 15 percent of their total bail amount but percentages can vary depending on location and the arrest circumstances, according to the textbook.

“Knowing the different types of bonds can be very helpful to you when your loved one is in jail,” Chavez said. “We want our community to be aware of the process and understand what’s going on.”

Source: http://www.hometownstation.com/santa-clari...