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Bail Bond in South Florida Courts of Law
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For instance, you have committed an unlawful act, what will you do? Will you run away from the authorities or should you submit yourself for an arrest? It is wise if you will take the second action. However, it is important that you know what it means to be arrested and what are your rights as an accused.
As an accused, you are provided by the federal law due process on your pending case. If you are arrested, the officer assigned to serve you the warrant of arrest will tell you the reason you have been arrested. You will be allowed to contact your lawyer for legal handling of your case. It is also important that you consult with your lawyer before answering any questions as anything that you will say may be used against you in a court of law.
Depending on the gravity of your case, the magistrate will decide if you will be allowed to be released from detention or not. Before you will be released from detention, you will be required by the court to pose a bail either by cash or by bail bond. This article will concentrate on discussion with regards to bail bonds, and how much does it cost for a bail bond if your case is filed within the South Florida’s courts of law.
Bail Bond- An Overview
A bail bond generally refers to a fiscal guarantee for the court that you will appear every time the court will ask you to while you are on trial. Once it is posted, you may now be released from police custody pending the final outcome of your case. The bail can either be full payment or a bail bond paid through a bail agent. He is tasked to receive the payment in behalf of the court (in South Florida, an agent collects 10 percent of the quantity of the bail bond) and some collateral corresponding to the full amount of the bail.
In case that you do not appear before the court for your trial, the bail bond and its corresponding amount is forfeited in favor of the court, as well as any collateral that are filed as part of the bail bond security.
The collateral that is filed with the court as part of the bail bond is anything that has a monetary value (usually real estate property, an automobile, or a bank statement) that the agent can keep while you are on the court being tried on your case. Once the case is finished, as long as you appear every time you are told to do so, the collateral is given back to whoever deposited it to the agent.
So, you might as well think of the cost for a bail bond if you will file it within the courts of South Florida. Its own Department of Insurance regulates the rates on all kinds of bonds, including the bail bonds. The premium is 10 percent of the total bail amount and it is non-refundable. For instance, the premium for a bail bond is around $18,000, the premium for the total bail amount would be $1,800.
A bail bond filed before a South Florida court is only valid for one year. If your case is tried over a year, someone must pay an additional premium in your behalf to keep the bond valid.
These are just some of the basics about bail bonds. It is advised that you avail of bail bonds in case the magistrate of South Florida recommends it. Remember that if you are not bailed out, you will remain under police detention until the decision in your case has finally arrived.
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