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In Michigan, bond and bail are mechanisms for releasing individuals accused or charged with a crime before their trial. Bond involves providing financial assurance on the defendant's behalf to ensure that they will appear in court, while bail encompasses the amount the defendant needs to pay to be released from jail.
P.R. Bond: Also known as a Personal Recognizance bond, this bond allows the inmate to be released by signing their name, thereby assuring the courts that they will appear at their next schedule court date. P.R. bonds are still assigned a cash value, but no cash is required.
When a judge grants a PR bond, also known as a Personal Recognizance Bond, the defendant is released without any deposit or security. They must promise to appear in court with the condition that they owe the court money if they fail to appear or violate their bond.
What does Personal bond mean? A written undertaking, without security, to pay a debt or perform an obligation. Speed up all aspects of your legal work with tools that help you to work faster and smarter. Win cases, close deals and grow your business?all whilst saving time and reducing risk.
If you are charged with a crime, you are entitled to bond except for certain kinds of crimes such as capital crimes like murder. Michigan Law MCL765. 6 provides that law, a person accused of a criminal offense is entitled to bail that is not excessive.
The court in fixing the amount of the bail shall consider and make findings on the record as to each of the following: (a) The seriousness of the offense charged. (b) The protection of the public. (c) The previous criminal record and the dangerousness of the person accused.
Surety Bonds ? The court will allow a bail agent to post on a 10% bond, but under different circumstances. In the State of Michigan, bond agencies are required to post 10% bonds at 25 percent of the full bail amount. Bail agencies will charge a 10 percent fee of the bond amount.
There are four types of bonds: personal recognizance bond, cash bond, ten-percent bond, and surety bond.