Explore the Comprehensive Guide to Different Types of Bonds Your Trustworthy Source for Bail Bond Information at Godfathers Bail BondsSurety bonds are the most common bonds. The bondsman will require some type of collateral such as property, vehicles, cash, jewelry or something else of value that can be sold to pay the bail if the defendant fails to appear in court Cash bonds are usually posted by the defendant or a friend or family member in the full amount of the bail that was determined by the court. When a defendant has been found guilty of a crime and chooses to appeal the guilty verdict, his lawyer may request bail for the defendant so he doesn’t have to sit in jail during the lengthy appeals process. Unlike a surety bond, an appeal bond usually requires cash collateral in the full amount of the bail to be offered with a cashier’s check, certificate of deposit, letter of credit or cash. If they are denied, the money would be returned to the defendant.
Comprehensive Guide to Different Types of Bonds - Godfathers BailBonds
1 min read
28 May
In case you have found a mistake in the text, please send a message to the author by selecting the mistake and pressing Ctrl-Enter.
Comments (0)
You must be logged in to comment.
No comments yet