A North Carolina Appearance Bond-AO 98 (also known as an AO 98 Bond) is a type of surety bond used in the state of North Carolina. It is typically used in criminal cases, in which a defendant is released on bond before a trial. The bond is meant to guarantee that the defendant will appear in court on the scheduled date and time. It is backed by a third-party surety company, such as a bail bond company, and is secured by property or cash. The bond amount is set by the court, and the surety company charges a fee for providing the bond. The bond is legally binding and if the defendant fails to appear, the surety company will be required to pay the full bond amount. There are three types of North Carolina Appearance Bond-AO 98: Release on Recognizance Bond (ROR), Unsecured Bond (U-Bond), and Secured Bond (S-Bond).
North Carolina Appearance Bond-AO 98)
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FAQ
But do you get bond money back? The answer is no. Paying a bond premium is the same as paying access for a service. The fee you pay to the bondsman stays with the bondsman to help them cover costs as well as encouraging defendants not to skip bail.
There are two types of bonds ? secured and unsecured. A secured bond means that you actually pay money or bail property to secure your release. An unsecured bond or surety bond means you sign a document that says you will pay a certain amount of money if the defendant breaks his/her bond conditions.
Secured Bonds With a secured bond, you pay cash or offer some type of property or real estate you own (or someone does this on your behalf) as collateral to assure that you will appear in court on your court date. If the amount is simply too much, a bail bondsman can post the bail on your behalf, for a fee.
To obtain a bail bond, defendants should expect to pay a minimum of 10% and a maximum of 20% of the full bail amount. The bond amount in North Carolina can reach up to 15%. So, if your bail set is $10,000, you have to pay $1,500 in bail bonds to your agent.
A bond hearing is when a North Carolina judge sets the terms and conditions of a defendant's pre-trial release, including his or her bond amount, when the defendant has been arrested.
Bail?also referred to a bail bond?is the amount you must pay and the promises you must make to be released from jail until your criminal case is resolved. Usually, within 48 hours of your arrest, you will be brought before a magistrate who will set the amount of your bail and any other conditions for your release.
Bail bonds in Raleigh, NC are set in ance with the North Carolina state law. Once your loved one has been arrested, bail will be set by a local judge or magistrate. There are factors considered when setting bail, including: The type and severity of crime the person has been arrested for.