The principal is the defendant who is released on bail, the obligee is the court or the entity that requires the bond, ensuring the principal's future court appearances, and the surety is typically the bail bond company or agent who provides the bond, guaranteeing the principal's obligation to the obligee.
Bail after an Arrest After booking, a Bail Clerk will be contacted by the police and he or she will be told the circumstances of the arrest and the charges against the arrestee. The Bail Clerk will decide if a bail is necessary to guarantee your appearance at Court if you are released, and if so, how much.
Massachusetts surety bonds are financial guarantees that specific obligations will be completed ing to mutual terms. They protect consumers and government entities from malpractice and are often required to receive a business license or permit in Massachusetts.
How to Post Bail in Massachusetts. Once bail is set, the defendant or someone on their behalf can post bail.
The defendant can post their own bail or ask a family member or friend to post it. If the defendant uses a bond company, the company may require the defendant to have a co-signer (someone who will help the company find the defendant should they fail to appear).
One thing to note is that getting a surety bond may be difficult for certain individuals. If you have a history of claims made against any previous bonds, or if you have a low credit score, it may be more difficult to get a surety bond since surety companies see this as a signal of increased risk.
While all licensed California contractors are required to carry a $15,000 contractor license bond, certain contractor licenses may require a $12,500 Bond of Qualifying Individual, a $100,000 LLC Employee/Worker Bond, or a Disciplinary Bond depending on their license status.
No - if you signed the bond it doesn't matter whether you have a job or not - or whether the bondsman asked you if you did. You are liable as surety on the bond - having a job or not has nothing to do with your liability. Sorry.
Bailing someone out of jail who has a history of untrustworthy behavior can create headaches. You're essentially agreeing to put up 10 percent of a bail bond that could be tens of thousands — or even hundreds of thousands — of dollars. If they fail to show, then you went to all that extra trouble for nothing.