A bail bond is a bond provided by an insurance company through a bail bondsman acting as agent for the company, to allow an accused defendant to be released before trial. A bail bond is designed to ensure the appearance of the defendant in court at the scheduled time. Prior to the posting of a bail bond, the defendant or a co-signer must guarantee that they will pay the full amount of bail if the defendant does not appear in court. The bail bond company usually charges 10 percent of the amount of the bond and often requires the defendant to put up some collateral like a seconded of trust or mortgage on one's house.
When the case is concluded, the bail bond is "exonerated" and returned to the insurance company. If the defendant disappears and fails to appearing court (skips bail), the bond money will be forfeited unless the defendants found and returned. The bond may be forfeited, by order of the court, upon the partys failure to appear or to comply with the conditions of the bond. If the defendant is located and arrested by the bail agent the cosigner is responsible for all expenses the bail agent incurs while looking for the defendant.
Arkansas Bail Bond Agreement: An In-depth Explanation In Arkansas, when a person is arrested, they have the opportunity to secure their temporary release from jail through a bail bond agreement. A bail bond agreement is a legal contract between the defendant, also known as the accused, and a licensed bail bondsman. This agreement ensures that the defendant will appear in court for their scheduled hearings and comply with any other legal obligations while out on bail. Keywords: Arkansas, Bail Bond Agreement, defendant, accused, licensed bail bondsman, court hearings, legal obligations. There are different types of Arkansas bail bond agreements, each serving specific purposes: 1. Cash Bail Bond Agreement: This type of agreement requires the defendant or their family to pay the full bail amount in cash to the court or jail. Upon successful completion of their court obligations, the bail amount is returned in full, minus any applicable fees. 2. Surety Bail Bond Agreement: A surety bond is the most common type of bail bond in Arkansas. It involves a licensed bail bondsman, known as the surety, who acts as a guarantor and promises to pay the full bail amount if the defendant fails to appear in court. The defendant or their family pays a non-refundable fee, usually a percentage of the total bail amount, to the bail bondsman, who then posts the bail on behalf of the defendant. 3. Property Bail Bond Agreement: In some cases, an individual may use their property, such as a house or land, as collateral to secure the bail bond. If the defendant fails to appear in court, the court system can seize and sell the property to cover the bail amount. 4. Professional Bail Bond Agreement: In certain situations, a professional, such as a doctor, lawyer, or teacher, may act as a surety for the bail bond. The professional must sign an agreement with the court, promising to pay the full bail amount if the defendant fails to appear in court. 5. Release on Recognizance (ROR): Although not technically a bail bond agreement, ROR allows the defendant to be released from custody without paying a bail amount. ROR is granted when the court deems the defendant as low-risk, with strong community ties and no prior criminal record. In summary, an Arkansas bail bond agreement is a legally binding contract that ensures the defendant's temporary release from jail on the condition that they will appear in court for their scheduled hearings and comply with any other legal obligations. There are different types of bail bond agreements available, including cash bail, surety bonds, property bonds, professional bonds, and release on recognizance (ROR). These agreements provide options for defendants and their families to secure their release while awaiting trial.
