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A bail bondsman, bail bond agent or bond dealer is any person, agency or corporation that will act as a surety and pledge money or property as bail for the appearance of a defendant in court. Bail bond agents are almost exclusively found in the United States because the practice of bail bonding is illegal in most other countries.
The bail agent guarantees to the court that they will pay the forfeited bond if a defendant fails to appear for their scheduled court appearances, so the third party must have adequate assets to satisfy the face value of the bond. [55] In turn, the Bond Agency charges a premium for this service and usually requires collateral from a guarantor.
Agency debt, also known as an agency bond, agency loan, agency security, or "Agencies", is a security, usually a bond, issued by a United States government-sponsored enterprise or federal budget agency. The offerings of these agencies are backed but not guaranteed by the US government. [1]
A bounty hunter is a private agent working for a bail bondsman who captures fugitives or criminals for a commission or bounty.The occupation, officially known as a bail enforcement agent or fugitive recovery agent, has traditionally operated outside the legal constraints that govern police officers and other agents of the state.
Bonding costs: Costs borne by the agent to build trust with their principal, such as costs associated with obtaining insurance, posting performance bonds, and other forms of financial assurance. [6] Bonding costs may include contractually limiting the agent's decision making powers, or increasing the transparency of the agent's decision. [4]
A former aide to New York Gov. Kathy Hochul and former Gov. Andrew Cuomo was charged with acting as an agent for the Chinese government, ... Sun’s bond is set at $1.5 million and her husband’s ...
In some countries, especially the United States, bail usually implies a bail bond, a deposit of money or some form of property to the court by the suspect in return for the release from pre-trial detention. If the suspect does not return to court, the bail is forfeited and the suspect may be charged with the crime of failure to appear. If the ...
An aerial view of the Saxony Court, home in Manhasset, New York belonging to Chris Hu and Linda Sun, July 24, 2024. The FBI searched the home on July 23, 2024.