| Las Vegas Bail Bonds Basics |
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| Written by Kelly Ramirez |
| Sunday, 13 June 2010 12:35 |
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The bail bonds industry is regulated across the country, but is similar in most states. It is each state's department of insurance in most cases that regulates the bail bonds industry. The Nevada Department of Business and Industry, Division of Insurance has jurisdiction over Las Vegas bail bonds and bail bondsmen.
The bail bonds industry is regulated across the country, but is similar in most states. It is each state's department of insurance in most cases that regulates the bail bonds industry. The Nevada Department of Business and Industry, Division of Insurance has jurisdiction over Las Vegas bail bonds and bail bondsmen. Bail bonds, for the most part, are used in the court system for the same reason throughout America. When someone is arrested they may be "bailed out" if that is an option offered to them by the court. Bail is supposed to keep an innocent person from being locked up unnecessarily and provide the accused with ample opportunity to prepare their defense. Las Vegas bail bonds work the same way as bail bonds in other areas. Bail is set by a judge at a bail hearing. The bail amount is based on the severity of the crime and defendant's flight risk. The bail is held through the criminal proceeding and is returned upon conclusion of the trial regardless of a guilty or innocent verdict. Bail is merely an incentive for the defendant to appear in court as ordered and provides a financial reason to not flee prior to the end of the criminal case. If someone can not afford or does not want to pay the entire bail amount to the court, they can enlist the services of a bail bondsman. A bail bondsman will promise the court on the defendant's behalf that the defendant will appear as ordered. The bail bondsman must have some financial motivation that the defendant will fulfill their obligation to the court, so a bail bondsman posts a bail bond. A bail bond is a portion of the full amount and serves as a collateral that the defendant won't flee. Although, if the defendant does not appear as ordered, the bail bondsman will be responsible for the entire bail amount. A Las Vegas bail bondsman must a charge a fixed percentage of the bail amount. This amount is set at 15% of the bail amount or $50, whichever is more. The state mandates the amount a Nevada bail bondsman can charge. Most Las Vegas area detention facilities also charge bonding, booking or filing fees that are approximately $40. A bail bondsman in Las Vegas will not refund their bail bonds fee. This is how they generate income and operate as a business. DISCLAIMER: This article is provided as information only and is not to be taken as financial advice. Learn more about Las Vegas bail bonds. Stop by Kelly Ramirez's site where you can find out all about what a Las Vegas bail bondsman can do for you. |