Bond Definition For Law In Fulton

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State:
Multi-State
County:
Fulton
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

Making an application for a bail bond This is because the entire process can be handled online. All you need to do is fill out an online application form and provide the documentation that is required. The company in question will then get back to you, either to confirm the bail bond or to ask for more information.

Yes! In California, bonds can be posted twenty-four hours a day, seven days per week. But whether you can bail someone out of jail at any time depends on their situation.

For example, if the judge sets a $5,000.00 standard bail bond, you will remit to the court $500.00. If you plea to any of the charges, you will receive 90% of that deposit back, or $450.00.

By securing a bond from a surety, you are demonstrating your willingness to assume responsibility for any legal/financial issues that might arise as a result of wrongdoing on your part. Another major difference between being insured and being bonded involves reimbursement.

Bond's Law: The work required to form particles from very large feed is proportional to the square root of the surface-to-volume ratio.

There are three requirements for obtaining a Judicial Court Bond: Submit an application and signed indemnity agreement supplied by the surety broker/agent; Provide a copy of the court papers for the applicable action being filed; and. Provide collateral, usually in the form of an Irrevocable Letter of Credit.

Understanding the Bail Bond Process in Georgia The bail bond process begins with an arrest, followed by a bail hearing where a judge determines the bail amount based on various factors, such as the severity of the offense, the defendant's criminal history, and the perceived flight risk.

Those conditions normally involve refraining from using or possessing alcohol, firearms, and drugs (unless prescribed by a physician) while out on bond, not violating any other laws while out on bond, and in cases of violence, having no contact with the victim in the case.

If you or a loved one have been arrested in Georgia, you may have heard about the 90-day bond rule but be confused about what this rule means. O.C.G.A. §17-7-50 says that a person who is arrested must have their case indicted (formally charged) within 90 days or they are legally entitled to a bond.

In Georgia, after an arrest, you are entitled to a bond hearing within 72 hours (not including weekends and holidays). During this hearing, a judge will decide if you should be detained or released pending trial. If you are not charged with a crime within this period, you must be released.

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Bond Definition For Law In Fulton