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A parole bond is a deposit of money or property made to the government as a guarantee that a paroled prisoner will comply with the terms of their release. The bond may be funded by the prisoner themselves, or they may borrow from friends or family; or provided by a bondsman in exchange for a fee.
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.
A person may be required to lodge money as part of their bail. A surety is a person who makes themselves responsible for a prisoner coming to court. They promise to pay a sum of money to the court if the prisoner does not appear as agreed; however, commercial bail bonding as in the U.S. is illegal. [32] [33] There are three kinds of bail:
Oklahoma County proposes to temporarily tap jail bond funds to meet operational financial needs. The money will be repaid in mid-January, an official says. Why Oklahoma County could use jail bond ...
Commissary list, circa 2013. A prison commissary [1] or canteen [2] is a store within a correctional facility, from which inmates may purchase products such as hygiene items, snacks, writing instruments, etc. Typically inmates are not allowed to possess cash; [3] instead, they make purchases through an account with funds from money contributed by friends, family members, etc., or earned as wages.
A bail fund is an organization, often charitable, community and volunteer-driven, or both, that collects money for the purpose of posting monetary bail for those in jail on pre-trial detention. Recipients may include those who cannot afford bail on their own or those who are in jail due to being arrested while protesting. Community bail funds ...
This fee is not refundable and represents the bond agent's compensation for services rendered. [14] Nevada is one of the states which allow an arrestee to use a residence as collateral for a bail bond. To do this, the applicant must register a deed of trust and name the bonding agency as beneficiary. The agency thus gains a lien on the property ...
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