Personal jewelry represents another commonly used form of collateral. The value of individual items such as rings, broaches, or necklaces can be difficult to ascertain without a professional assessment. Some bond agencies are therefore understandably cautious about accepting jewelry as collateral.
There's lots of different styles. And imaginative. Ways that this can happen but today i'm going toMoreThere's lots of different styles. And imaginative. Ways that this can happen but today i'm going to show you a traditional way on a piece of cardstock.
Bail bondsmen are generally not too picky about what kind of collateral they will accept. Real estate and houses are commonly put up in cases with a high bail requirement, but defendants can also use jewelry, stocks, bonds, and other investments and valuables.
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.
So all you're going to do is very gently. Use your fingers. If you use pliers you might ding up theMoreSo all you're going to do is very gently. Use your fingers. If you use pliers you might ding up the metal. And it's really not necessary it's pretty easy to. Open just gently pull. It.
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.
The collateral is usually preferred to be liquid, such as an irrevocable letter of credit, but some sureties will also take other pieces of collateral, such as certain equipment or even real property. A Collateral Bond is different when used in the context of a surety bond.
Comments Section You have to take it to a jeweler to have the bail change. The loop on the top of the bail would have to be cut off. Then a tiny jump ring facing the same way as the pendant soldered on than a traditional large bail (or large jump ring) for the chain to go through.