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Through underwriting, a bond works the same way as an insurance<br>policy.<br> If the individual jumps bail (doesn’t show up for court), the bonding<br>company is liable for the full bail amount and a warrant will be<br>initiated for the person’s immediate capture.<br> Bail agents require a co-signer on a bond in order to limit the risk on<br>the insurance company and bonding company.
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Bail Bonding Now HOW BAIL BONDS WORK IN GEORGIA
What is a bail bond? Once a person gets arrested, they will be booked into either the county or city jail. They can be held there until their initial bail hearing. During the bail hearing, the judge can either set bail, deny bail, or let the person go on a ‘signature bond’ or ‘ROR.’ After the bail hearing, the person will be sent back to jail and if eligible, they can either pay the full bail amount to the jail or utilize a bonding company. You can get a bond written on the person’s behalf and only have to pay a percentage of the bail. The bail amount is insured and fulfills the court requirements so the person can be released from jail.
How a Bond Works Through underwriting, a bond works the same way as an insurance policy. If the individual jumps bail (doesn’t show up for court), the bonding company is liable for the full bail amount and a warrant will be initiated for the person’s immediate capture. Bail agents require a co-signer on a bond in order to limit the risk on the insurance company and bonding company. The percentage that you pay as the bond fee will be based heavily on the defendant’s criminal history and your (the co-signer’s) ability to meet the financial qualifications.
Qualifying for a bail bond You’ll need to prove Georgia residency (utility bill or lease agreement). You’ll need to prove your identity (valid Georgia I.D.). You’ll need to prove your income (2 recent pay stubs). Your income must be at a certain threshold to qualify for a bail bond. This will be directly proportionate to the amount of the bail.
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