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WHAT ARE FEDERAL BONDS-An Intro

A lot of people don’t really understand bail bonds, but even more people don’t understand federal bail bonds. It’s an often misunderstood industry that people don’t normally have to deal with. However, at some point in your life it’s likely that you’ll want to bail someone out of jail (or perhaps you need bailing out yourself) so it’s important to understand the process, especially when it comes to federal bail bonds.Do you want to learn more? explained in the article

If you understand the standard bail bonds process, then it shouldn’t be too hard to understand the federal bail bonds process, which only has a few differences. These differences come about because of the nature of the crime and the extra risk that is taken by the bail bondsman (usually because the bail amount of so high).

For normal state or county bail bonds, you have to pay a deposit of 10% of the full bail amount. This is paid to the bondsman to take out some of the risk, and you get it back as soon the conditions of the bail are fulfilled. However, when it comes to federal bail bonds, you need to pay a deposit of 15% due to the extra risk. This might be a significant amount of money, but as long as you can be sure that the arrestee will be appearing in court when summoned, then you shouldn’t have any problems.

Often when dealing with usual state or county bail bonds, you will be asked to provide collateral to cover the full amount of the bail. Collateral can be in the form of any asset that can be sold by the bail bondsman if the bail conditions are not fulfilled. When it comes to federal bonds, you need to attend a nebia hearing which will ensure that you have this collateral in full. The judge won’t let you initiate the bailing of the arrestee if you can’t provide proof that this collateral is available; in short, it is more strict than the usual state or county bail bonds.

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