123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Legal >> View Article

The Role Of Commercial Bail Bonds

By Author: Joe Bunk
Total Articles: 6

Nowadays, New York commercial bail bonds are now becoming more popular across the state. Using a bail bond means that the defendant or a person on behalf of the defendant will sign a contract with one of the New York bail bond companies available. After the contract signing, the bail bond provider will then post bail on behalf of the defendant concerned.

What is the implication of this? This means that the provider will be liable for the full amount of bail if the defendant fails to appear. Will this make the defendant scot-free since a private provider already shouldered his or her bail? Not really. Since the contract also specifies that if the defendant will not attend all court dates, he or she will forfeit the collateral and will be charged additional fines by the company.

Why is this so?

New York statutes say that a portion of the funds paid to a bail bond provider, also known as the premium or fee, can be retained by said provider, regardless of the disposition of the case and even if the defendant completely attended all court hearings. Premiums are limited to 10% of the total bail amount if it is under $3,000. The case is different if the total bail amount is more than $3000 but below $10000. In such cases, New York bail bond companies are allowed to charge an additional 8% for premiums. If the bail amount is more than $10000, the provider is allowed to charge 14% more.

Besides charging a fee, these companies are also allowed by law to demand the defendant or their families to post unlimited amounts of collateral to support the bond issuance. They are also allowed to demand restriction of personal liberty of defendants, such as setting curfews or mandatory meetings with the private company. Any violation of the rules can be cited as ground to forfeit the collaterals posted.

Indeed, the role of a New York commercial bail bonds provider is important nowadays. If you are in need of one try reaching A Bail Company, Inc. here.

Total Views: 39Word Count: 343See All articles From Author

Legal Articles

1. Immigration To Usa – The Fastest Route To Green Card
Author: Global Tree

2. New Rules For Tier 1 Entrepreneur Visa Uk
Author: Sajjad Miah

3. Important Financial Factors Of Divorce
Author: Tim Harris

4. Top 3 Things To Include In A Financial Affidavit
Author: Carl Glendon

5. Business Owner Must Deal With These Boring Essentials
Author: Chloe Shaw

6. Visa 190 Australia – Experts Say More Skilled Immigrants Needed In The Country
Author: Global Tree

7. Why Is A Mutual Release Form Important?
Author: Carl Glendon

8. Find Experienced Houston Car Accident Injury Attorney To Meet Your Legal Interests In The Case
Author: arricsmith

9. Things You Need To Know About Slip And Fall Accident Injuries
Author: Chris Lucero

10. Hire Drug Possession Lawyer Houston To Save Your Legal Interests In The Case
Author: arricsmith

11. What Are The Main Elements Of A Residential Rental Lease Agreement?
Author: Carl Glendon

12. Immigration To Canada-new Immigrants Thrive As Employment Rises
Author: Global Tree

13. Top Questions To Ask Any Trademark Attorney Before Hiring Hi
Author: Ontario Trademark Lawyers

14. 5 Important Arbitration Steps To Achieve An Out-of-court Settlement
Author: azworkcomp

15. How Does A Quit Claim Deed Differ From A General Warrantee Deed
Author: Carl Glendon

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: