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Alaska
Bail Bond Agreement

Alaska Bail Bond Agreement

Category:

Criminal - Bail

State:

Multi-State

Control #:

US-00006DR

Format:

Instant download

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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