Bond Definition For Law In Tarrant

Category:
State:
Multi-State
County:
Tarrant
Control #:
US-00006DR
Format:
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

What Kind of Documentation Do You Need to Get Bonded? Application. The first step to getting bonded is completing the application or questionnaire that your agent provides you. Financials. Work In Progress Form. References. Resumes. Certificate of Insurance.

Trust deed and paying agency agreement (if a bond trustee is appointed) fiscal agency agreement and deed of covenant (if a bond trustee is not appointed) global note. legal opinion, and. auditors' comfort letter.

For many misdemeanor crimes, bail will be based on established amounts. For other crimes, the judge will set bail at an appropriate amount for the alleged crime, keeping in mind that, under the U.S. Constitution, it's illegal to set bail excessively high to force a person to remain in jail.

Bonds may be posted at any time, 24 hours a day, at the Bond Desk, Tarrant County Corrections Center, 100 N. Lamar, Fort Worth, TX 76196. Call the Tarrant County Jail Inmate Information Line 817-884-3000, to determine if bond has been set and the amount of the bond.

The bail bond agent will need you to sign some paperwork in order for you to secure their services. This usually means paying an amount to the agent, usually a percentage of the total bail amount, and signing off on any collateral for the bond.

Among other things, it provides material information about the Bond Issue, such as the purpose for the Bond Issue, a description of the Bonds, summaries of all of the documents relevant to the financing, the security for the repayment of the Bonds and financial, economic and other relevant information about the Issuer ...

In order to issue a bond on the market, it is recommended that the company have a rating from a rating agency. If it does not yet have one, the bank examines the company's credit and, based on its sector, tells the company which rating agencies would be the most appropriate.

"Bail" is the security given by the accused that he will appear and answer before the proper court the accusation brought against him, and includes a bail bond or a personal bond.

In criminal law, bail is the process of releasing a defendant from jail or other governmental custody with conditions set to reasonably assure public safety and court appearance.

Stay in the state of Texas until trial. Do not use any drugs prohibited by law or by the court (which even can include prescribed narcotics). Work at suitable employment. Report on a regular basis to a probation officer and notify such an officer of any address changes.

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Bond Definition For Law In Tarrant