Obtaining a bail bond for a relative can help make sure the relative is released from jail as quickly as possible to ensure they don’t have to remain in jail for months while they wait for their hearings. However, before obtaining a bail bond to help a relative, it’s important to understand how bail bonds Minnesota actually work.
The person obtaining the bond will need to make sure they understand all of the terms of the bond. This may include restrictions such as avoiding being arrested again or attending all hearings. Ask questions about the terms to make sure they’re fully understood before obtaining a bail bond.
Collateral or Deposit?
Bonds can be secured via collateral or a deposit. The deposit is typically 10% of the bail bond and the collateral must be a high-value item that’s worth more than the full bail amount. Typically, real estate or titles for cars and boats are used as collateral, but other items might be accepted depending on a number of factors.
Fees for the Service
There is generally a 10% fee for the bail bond service. This can be paid as the deposit or to obtain the collateral back at the end of the bail bond process if the terms of the bond were not broken. Request the service fee total before obtaining the bond to know exactly how much the bond will cost to obtain.
If Terms are Broken
If the terms of the bail bond are broken, the person who secured the bond is responsible for paying the bondsman back for the full amount of the bail. They cannot get their funds from the court if the arrested person does not attend hearings, for instance, so the responsibility for this falls to whoever secured the bond.
If you’re ready to help a relative who has been arrested, take the time to learn more about Minnesota bail bonds today to see if this is a way for you to help. Contact us today to get answers to any questions you might have or to start the bail bond process so you can help your relative get out of jail as quickly as possible.
