Difference between a Cash Bond and a Surety Bond

Difference between a Cash Bond and a Surety Bond
Difference between a Cash Bond and a Surety Bond

A person detained by law enforcement can use either a cash bond or a surety bond to get released for jail. It is important to understand the difference between the two which mainly comes down to the amount that is paid and to whom. The only way to make sure that people get out of jail in a good amount of time, and there are some steps people need to understand before they pay. It is more complex than they might think it is.

Difference between a Surety Bonds and Cash Bond
Difference between a Surety Bonds and Cash Bond

Detainee’s options after Judge sets the cash bail amount

  • Pay the cash bond Paying the cash bond works because the bail bondsman will take the money and send it in.
  • -Hire a bail bondsman – A bail bondsman will set up a bail bond for a person if the person is ready to turn themselves in.
  • -Hire an attorney to help An attorney can actually ask to have the bail amount changed so that the family can afford it. That is helpful for people who do not have too much money and might not even be able to pay the 15% fee.
Clark County Detention Center Las Vegas Surety Bonds
Clark County Detention Center Las Vegas Surety Bonds

How does a Cash Bond work?

  • The person in the Las Vegas detention center is going to need to send in the full amount so that they can get out.
  • The arrested person needs to make sure that they are going to have the money go in as soon as possible so that they can get released.
North Las Vegas Detention Center Surety Bonds
North Las Vegas Detention Center Surety Bonds

Bail Bonds Las Vegas

How does a Surety Bond (Bail Bond) work?

  • There is a 15% fee that needs to be paid to make sure that the bail bondsman will send in the money.
  • The bail company will send all the money to the detention center or jail. They pay it all, and then they get the fee as their profit.
  • The arrested party will get released.
North Las Vegas Jail Inmate Search
North Las Vegas Jail Inmate Search

Surety bonds and co-signor:

  • The co-signer will make sure that the arrested person will show up for court.
  • The co-signer will be sure that the bail bond company gets paid back for the money they put out. They have to get paperwork for the bond, and they have to give that back to the office so the office can ask for their money back.
  • Power of attorney goes to the bail bond company so they can handle the case.
  • The co-signer might have to give collateral to the bail company to get the money paid to the jail or detention center.
Las Vegas Bail Bonds Collateral
Las Vegas Bail Bonds Collateral

Types of Collateral that can be used for the bail bond:

  • Cash can be paid for the bail for an immediate release.
  • Real Estate is useful because most families have some property they can use.
  • Homes are easy collateral that might have to be sold if bail money is lost.
  • Car titles are easy to use for collateral because a bail company can sell them to a dealer.
  • Jewelry is a simple collateral item that can be offered on the spot.
  • Gold or Silver Coins can be sold to dealers to save time and collect cash.
  • Bank Account information can be used to submit an ACH payment that needs to be used to get the money back.
  • Credit Card information is easy to use to process a payment.
  • Firearms can be sold to pawn dealers at any time for quick cash.
  • Pawn-able Items come in a lot of varieties, and they need to be offered to the bail company when they are asking for collateral.
  • Anything that has a lot of value can be given over as collateral, but it could be lost if someone misses their court date.

If the accused shows up for court dates:

  • The accused will only pay the 15% fee to the bail bond company as payment for the release. The bail bondsman will release all collateral once paid in full.
Las Vegas Bail Bonds by Marc Gabriel
Las Vegas Bail Bonds by Marc Gabriel

Las Vegas Bail Bonds

If the Accused skips their court dates:

  • The Las Vegas bail bond company gets six months to get the inmate back.
  • The bail money is absorbed by the state after six months.
  • The inmate has to pay up all the money including the 15% fee.
  • Collateral can be used to get the bail money back.

Best Las Vegas Bail Bond Service

  • eBAIL is the best service in the Las Vegas region for people who need to get bailed out of jail.
  • Marc Gabriel is a Las Vegas Bail Bondsman who made the perfect company for people who need to make a call to get bail money.
Las Vegas Bail Bondsman
Las Vegas Bail Bondsman