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Alaska Bail Bond Agreement

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

Bonds are issued by governments and corporations when they want to raise money. By buying a bond, you're giving the issuer a loan, and they agree to pay you back the face value of the loan on a specific date, and to pay you periodic interest payments along the way, usually twice a year.

A cash bond is cash held as a guarantee of payment. When you bail someone out of jail the easiest option is to post the full amount in cash. If you post bail with cash the bond court holds the full amount to ensure you show up for your court date. Cash is the guarantee of payment and it is very cut and dry.

[A cash bond is a payment of cash to the court to make sure that the defendant attends all future court hearings and performs other conditions of the bond.] [To request private surety instead of cash (or corporate surety), use form CR-240.]

If the amount of your bond is more than your fine(s) and court costs, you will be entitled to a refund of the balance of your bond money remaining after the fine(s) and costs are paid. Bond refunds will be payable only to the defendant unless otherwise ordered by the court.

The Bail Bonds System in Alaska For the services of the agent, you are required to pay a pre-set fee which is generally much smaller than the total amount of the bail. Paying only the premium allows you to spend what you saved on a lawyer to fight your case or rent, food etc.

If the person released on bail on the giving or pledging of security fails to appear before a court or a judicial officer as required, the judge or magistrate judge before whom the person released was to appear shall forfeit the security.

For example, a court may ask a defendant to pay $10,000 so that he can be released from prison. This money can be paid in cash by the defendant and in case he cannot afford it, a family member can step in to pay the money to the court.

A cash bond is when you post cash in order to fulfill your obligations. The advantage to the principal of a cash bond is a lower fee. Because reserves are essentially covered by the cash on hand, there is no need for funds to be readily available. The disadvantage is having to have the full bond amount in cash on hand.

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Interesting Questions

More info

The person who posted the cash or bond may complete a form at the Customer Service ... If a bond is unsecured, then the person does not need to pay the bond ... IRS Requirement: The clerk or jail officer accepting bail must complete form CR-231 if the amount posted is more than $10,000 in cash and the defendant is ...A court may not order that an appearance bond be concurrent with an appearance bond in a pending case unless the surety who posted the first appearance bond ... The bail bonds agent can be contacted after the bail has been set and they will start by charging a non-refundable fee which in Alaska is no more than 10% of ... This Addendum shall be attached to every Bail bond Application and Agreement entered into in the State of. Alaska. Signed, sealed and delivered this ... 1. Complete the Bail Bond Limited Producer License application. · 2. Complete a fingerprint-based background check. · 3. Take and pass the Bail Bond Exam. · 4. If the defendant fails to appear in court, the bond is forfeited. Property bond – Involves an agreement made by a defendant as a condition of pretrial release ... FREE BAIL BOND QUOTE. Fill out the form below and one of our ExpertBail representatives will get back to you ASAP. Must be trustworthy and competent. Step 2: Complete Pre-licensing Training Requirements in Alaska. In Alaska, all insurance professionals, including bail bond ... ments of posting 10% of a bail bond with the court (in place of an unsecured bond), or requirements of a full cash or other prop-. 10 erty bail bond. In ...

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