Bond Definition Under Law In Phoenix

Category:
State:
Multi-State
City:
Phoenix
Control #:
US-00006DR
Format:
Word; 
Rich Text
Instant download

Description

The Bail Bond Agreement outlines the legal framework and conditions under which a bail bonding company (BBC) secures a bail bond for a defendant in Phoenix. It defines the roles of the applicant, BBC, and surety, emphasizing the applicant's obligations, which include payment of premiums and indemnification for liabilities incurred by the BBC or surety. Key features of this form include the requirement for premium payments upon execution, terms for indemnifying the BBC against losses, and responsibilities to cooperate with the BBC in the event of forfeiture. Filling out the form requires the applicant to provide their details, the defendant’s information, and the sum for the bail bond. Editing instructions suggest ensuring accurate and current information on contact details and providing consent for background checks. The form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it serves as a foundational document in the bail process, facilitating the necessary legal steps to secure release for defendants while clarifying the obligations of all parties involved.
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FAQ

No Bond Hold This could happen if the defendant is considered a flight risk, poses a danger to others, or if there are reasons to believe they may tamper with evidence or intimidate witnesses. In such cases, the judge may issue a “no bond hold,” which means the person will remain in custody until their trial.

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.

A bail bond is a surety bond, which is posted by a bail bond company to the court as a guarantee for an arrestee's appearance at all court dates. The court will release an arrestee from detention upon posting of the bail bond.

A bail bond is a financial guarantee provided by a licensed bail bondsman to the court, ensuring that the defendant will appear for all scheduled court proceedings. The bondsman posts the bail on behalf of the defendant, and in return, the defendant or a co-signer pays a premium, typically 10% of the total bail amount.

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. When someone is arrested, they have a first appearance soon after.

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Bond Definition Under Law In Phoenix