Bail Bonding Classes In Chicago

Category:
State:
Multi-State
City:
Chicago
Control #:
US-00006DR
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Word; 
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Description

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.

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FAQ

As noted by the Professional Bail Agents Body of the US (PBUS,) the average bail bondsman rakes in $25, 000 to $50,000 each year. The body also noted that, in the major cities, some agents make hundreds of thousands of Dollars every year.

Background Check and Disqualifications A clean background is crucial. You cannot have any felony convictions. If you have a felony on your record, you are automatically disqualified from becoming a bail bonds agent.

Frequently Asked Questions about Becoming a Bail Bondsman Age and Education: You must be at least 18 years old and have a high school diploma or equivalent. Clean Criminal Record: You cannot have any felonies or misdemeanors involving moral turpitude.

Bail bond agents can carry firearms (like regular citizens) and make arrests in California. However, they do not have the same power as police officers to investigate crimes, enforce traffic laws, or cordon off specific areas.

Starting a bail bondsman business is a very attractive venture especially if you understand the growth potential. There are no businesses in the industry that have captured a majority of the market share which means that it is still up for grabs.

APPLYING FOR A BAIL BOND LICENSE Eligibility for a license is limited to persons who have not previously been convicted of, or pled guilty or nolo contendere to, any felony, or to a misdemeanor involving moral turpitude or dishonesty.

If the felonies on your record have been adjudicated by a court, in other words, not mere arrests where the cases have been dropped or dismissed by the prosecutors, then you will be prevented from qualifying for a license as a bail bond agent.

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Bail Bonding Classes In Chicago