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What you need to know about a bail bond
The term bail bond can call to mind tough-as-nails bounty hunters kicking down doors in the pursuit of felons fleeing their trial date. In reality a bail bond is considerably more mundane. The term bail bond simply refers to a formal document granting bail for a prisoner to be released from custody. Bail bonds have a long history in the U.S. The first modern bail bond in the United States was issued by Tom and Peter P. McDonough in San Francisco in 1898. U.S. Laws governing bail go back to the days of Colonial America. During this period of America's history the colonists relied on the bail laws of the 'old world' to govern the bail regulations in the new. After the Revolutionary war the English laws that had governed the colonies no longer applied, so new laws had to be drafted. Bail bond policies were part of the laws created to govern the new American states.
In modern practice a bail bondsman typically has a standing bond, often referred to as a 'blanket bond'. This is a security agreement with the local court system that is typically backed by a bank or other credit granting institution. It is this security the bondsman can use to pay the amount of the bond in the even the defendant fails to appear for their court date. Due to the nature of their work the bondsman will usually arrange with the institution that carries the security to be able to draw funds from the security even when the bank or credit institution has otherwise closed for the day.
The typical bond agreement is for 10% of the bond, thus a defendant or someone acting on their behalf could secure their release with $1,000 against a bond of $10 thousand. Funds used to secure a bail bond from a bondsman are non-refundable. Visit our free bail information page for more details on how bail bonds work.
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