How Does a Bail Bond Work and what is the bail bond Contract?

Bail Bond King — Sun, 20 Sep 2009 17:13:00 GMT

The Structure of the Bail Bond Contract

A Bail Bond is executed with a legal instrument known as a recognanze.

It is a 3 way contract between the State of New Jersey , the Surety and the Defendant. The bail bond contract calls for the Surety to produce the Defendant to the New Jersey Court each and every time he is called to appear.

The Contract becomes in breach if the defendant fails to appear. Under contract law, the bail bond is forfeited and must be paid to the Court.

There are provisions that allow for a timely surrender of the defendant

(75 days). There will then be Court costs paid to the New Jersey Bail Fund and attorney fees incurred. The bail can not be reinstated, nor can there be any changes to the bail with out the approval of all 3 parties to the Contract.

Definition: bail bond n. a bond provided by an insurance company (the Surety) by Power of Attorney to a bail bondsman acting as an agent

for the company, to secure the release from jail of an accused defendant pending trial. The Usual charge or “Premium" is 10 percent of the

bail (e.g. $1,000.00 for a $10,000.00 bond). At times the defendant or Co-Signer must pledge collateral such as a deed of trust or mortgage

on Real Property. Upon acquittal, conviction, or other conclusion of the case, the bail bond is "exonerated" and returned to the Surety.

If the person who has been bailed out fails appear in court, the bond funds will be forfeit unless the defendant is surrendered to the court.

The Real Way It Works: As stated above however, The Bail Bondsman signs a contract with the Insurance Company whereas, The Bondsman

holds the Insurance Company harmless. Meaning, that if the Defendant fails to appear in court and is not surrendered in 75 days, the Bondsman

is to pay the Court the full amount of the bail bond. If the bondsman does not pay, the Insurance Company will pay the court and then go after the assets of the bail bondsman (most bondsman put up their own cash or real property with the insurance company as collateral). In turn, the Co-Signer or "Indemnitor" will sign like documents holding the Bondsman harmless and pledge to pay the bail amount if forfeited.

Middlesex County Bail Bond Choices in North Brunswick New Jersey

Bail Bond King — Wed, 02 Apr 2008 00:59:00 GMT

If you ever find yourself to be as unfortunate as needing a bail bondsman in Middlesex County New Jersey I do not envy you. There are many thoughts and emotions that will rush through your head as you are consumed and most likely overwhelmed on how you will find a bondsman and what the entire process is.

Set your worries aside, you have not only come to the right place to have all of your questions answered but will also find fast reliable bail bond service from AAA Bail Professionals of New Jersey. We will answer all of your questions some answers may not be what you want to hear but they will be honest. We will guide you and inform you of all options. Did you know that in some cases they court will allow you to act as surety by only putting up 10% of the bail amount with them? That's correct, in most cases the bondsman accepts payment from you at 10% of the bail amount, and this is how he makes his money. However, in 3rd and 4th degree crimes the judge has the option of setting bail at what is called a ten percent option. What this means to you is rather then paying 10% and loosing it as payment for the bail, you may place the 10% with the court with the promise to produce the defendant to court each time he is called. Along with this comes the risk that you are responsible for the remaining 90% of the bail in the event the defendant skips court.

Please visit this blog weekly for a series of publications which will educate you on bail bonds and the latest New Jersey Bail Bond News. Middlesex County New Jersey consists of these towns where bail bonds may be posted;Avenel, Carteret, Colonia, Cranbury, Dayton, Dunellen, East Brunswick, Edison, Franklin Park, Helmetta, Highland Park, Iselin, Jamesburg, Keasbey, Kendall Park, Laurence Harbor, Little Rocky Hill, Menlo Park, Metuchen, Middlesex, Milltown, Monmouth Junction, Old Bridge, Parlin, Perth Amboy, Piscataway, Plainsboro, Rutgers, Sayreville, Sewaren, South Amboy, South Brunswick, South Plainfield, South River, Spotswood, Woodbridge.

Future entries will include; Bail Bond Finance, Indemnitor, Indemnity Agreements, Bail Forfeitures, A career in Bail Bonds, Bail Bond Licensing, Ethics, Skip tracing, the Court System, Bail Reductions, finding a lawyer and much more!

New Jersey Bail Bonds in Middlesex County

How Does a Bail Bond Work and what is the bail bond Contract?

Middlesex County Bail Bond Choices in North Brunswick New Jersey