Types of Bail Bonds

There are many types of Denver Bail Bonds to be aware of, each one applying to a different person or set of circumstances related to the commission of a crime. For this reason, each bond has a specific purpose that you should be aware of. Unfortunately, if a defendant is already in the Denver County jail, it may be a little late to learn the specifics in advance.

Bail is a phrase used for money or the property that an arrested person uses to secure their release from jail before trial. If the defendant doesn’t return to court, the bail amount can be forfeited and seized by the court, and an arrest warrant is issued. In some cases, fugitive recovery agents may be hired to track down the accused and return him or her to custody.

A bail bond, on the other hand, is an actual contract that allows people to pay a small amount of the bail cost, usually around 10%, to a bail bond agency for their release. The bail bonds company then gives the court the rest of the bail amount and promises the defendant will return for trial.

Cash Bonds

Some people decide to just pay cash for their bail, if they’re able to do so, but keep in mind the money in your pocket could be required for more pressing needs, even though it’s returned eventually. Also remember that with Denver, CO Bail Bonds a defendant could be required to pay up to15 percent of the bail in order to be released. If bail is set at $50,000 that means the person would have to post $7,500 to be released from jail.

Federal Bail Bonds

Perhaps the most serious are Federal Bail Bonds, used when a defendant is accused of committing a federal crime. In this case, Colorado Bail Bonds of a Federal nature are more expensive than for other crimes. It’s in a case like this when having an experienced bail bondsman can pay huge dividends.

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Questions to Ask Before Becoming a Bounty Hunter

Boba Fett - Bounty Hunter From a Galaxy Far Far AwayWhen it comes to Denver Bail Bonds and working as a fugitive recovery agent, also called a bounty hunter, anyone interested in the profession needs to think long and hard before jumping in. Defendants out on bail from the Denver City jail who skip their court date and flee could be dangerous, hardened criminals.
As such, anyone who wants a career in bail bonds in Aurora needs to ask a number of questions, preferably to a licensed and experienced fugitive recovery agent.

  • How much money can I earn if I’m trying to apprehend defendants skipping out at the Denver County jail? Like many jobs where you sell a product or service, the amount of money a fugitive recovery agent or bail enforcement agent can make varies. Most are paid on contingency, meaning if they don’t fulfill their obligation – namely, returning a defendant to custody or making sure the person appears in court – then they don’t get paid. And when they do, it’s usually a percentage of the bail with the bail bondsman company getting a share, too. Some fugitive recovery agents who are well established earn a comfortable six-figure income, while even those who work part-time nights or weekends could earn $25,000 or more.

  • Is it dangerous? It can be. No amount of training or experience can prepare you for every situation, as every defendant reacts differently when being tracked down and apprehended. Some give in right away, while others will try and resist as long as possible. Some defendants that an agent is paid to track down are hardened criminals.

  • Can I carry a gun? With the proper training and licensing, a fugitive recovery agent can carry a weapon, but must abide by all laws.

  • Will I be involved in car chases? Car chases occasionally happen, though most agents try their best to obey all laws wherever possible. The best agents out there play by the rules when it comes to Colorado Bail Bonds.

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Bail Bondsman Licensing Requirements

People who are licensed to sell Denver Bail Bonds are essentially insurance agents or producers who deal in Surety Bonds. According to the Surety & Fidelity Association of America, a surety bond is a promise that one party will pay another party a certain amount of money if the first party fails to meet a specified obligation – like showing up for a court date in the case of legal proceedings for someone out on bail from the Denver City jail.
Accordingly, a surety bond is a contract between at least three parties:

  • The party or person who is the recipient of an obligation,

  • The primary party or person who will be performing the stated obligation (showing up in court), and

  • The surety, who assures the first party that the primary party can perform the duty.

To sell Colorado Bail Bonds anywhere in the state, a person must have a Colorado Bail Bonding Agent Producer License, signifying he or she is qualified to sell bail bonds. There are two authority types an agent may apply for: A Surety Bail Bonding Agent, and a Professional Cash Bail Agent.
In all cases where someone wants to sell bail bonds in Aurora, he or she must:

  • Be a Colorado resident.

  • Be lawfully present in the United States.

  • Be 18 years of age or older.

  • Be trustworthy and have a solid professional reputation.

  • Not have been convicted of a felony in the last 10 years, or completed probation or a deferred sentence for a felony within 10 years of release.

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Avoid Bail Bond Scams

Avoid Bail Bonds ScamsAccording to some estimates, insurance fraud costs Americans nearly $100 billion a year, made up of all forms of insurance and its many subsets, including bail bonds in Denver Colorado. Like many other crimes, bail bond scams do not discriminate against gender, race, or religion and can be just as devastating as other forms of fraudulent insurance practices. Scams involving Denver Bail Bonds are just as plentiful as anywhere else in the country.
Criminals are becoming more sophisticated, using the Internet and mobile devices to perpetuate identify fraud and take steps necessary for bail bonds scams to look all the more real. Here are some typical bail bond scams to avoid:

  • Cheap bail bonds, or bondsman who offer rates below the standards set up by the state. For Jefferson County Bail Bonds, as with anywhere else in Colorado, a bail bondsman can charge up to 15 percent of the bail set by a judge. So if bail is set at $10,000 a defendant can reasonably expect to pay up to $1,500 to the bail bondsman as a fee. The problem with cheap bail bonds is they prey on desperate defendants or their loved ones and are an example of the classic bait and switch scam: Offering a low rate to draw you in, then once you’ve signed the paperwork hitting you up with higher fees or financing offers. Many reputable bondsman who work the Denver County jail or immigration bondsmen in Denver offer financing, but they will always state up front reasonable expenses and what the costs will be to post bail and get someone out of jail.

  • Bail bond agents who solicit clients in jails, court houses, or even crime scenes. Keep in mind that most states have stringent regulations in place stating when, where, and how a bondsman can solicit business. Almost nationwide, bail agents cannot offer their services from within a jail or courthouse. Competition naturally arises, causing friction not only between bail bondsman of ill repute, but also among well regarded companies who follows the law but also may feel the pinch from a sagging economy. Bail agents who engage such behavior are risking their license and reputation.

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A Bail Bondsman and Attorney are Your Friends

At some point, everyone needs a lawyer at one time or another. Sometimes, you’ve benefited from their services and didn’t even realize it. Remember when you closed on your mortgage? Well at some point an attorney on staff at the bank or title company reviewed the closing paperwork. And, unfortunately, if a loved one has passed away you may have benefited from an attorney who helped that person draw up a will, or papers to transfer assets to your name. Denver Bail Bonds work the same way for people who utilize them. If you get arrested, you may have to post bail at the Denver County jail. But you also may decide to use your phone call for an attorney, pleading to get you out. That’s not necessarily what a lawyer does, so he’ll say “Sit tight” and call a bondsman to do the rest.

A bail bondsman and attorney have a symbiotic relationship in many respects, needing each other for professional support. If you’re an attorney, what can a bondsman working with bail bonds in Aurora do for you? Here’s just a sample.

  • A successful, reputable and well liked bail bondsman can boost your professional standing, because any referrals you make are a reflection on your skills and professional judgment. If an attorney recommends a bail bondsman who can’t do the job, doesn’t know the ins and outs of bail bonds in Boulder, or does a crappy job, that’s a direct and poor reflection on your judgment. Any defendant will question your judgment and choose someone else.

  • An experienced bondsman can provide a number of extra services that you may not have the time or skills to handle: Being present for court appearances for bail and 1275 hearings, 24 hour emergency service like odd-hour phone calls, signature bonds that don’t require a signature, arranging payment plans for the defendant, and even providing transportation to and from home or other locations.

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What is a Fugitive Recovery Agent?

Fugitive Recovery Agent - Bounty HunterWhile you may choose to become a bail bondsman in Denver, a related and equally important field is for a career known as a Fugitive Recovery Agent, also known more popularly as a Bounty Hunter. A Fugitive Recovery Agent has an arguably more exciting job than for someone who works directly in Colorado Bail Bonds industry.
If a defendant is released from the Denver County jail on bond but decides to not follow the rules of their bail and flees, a Fugitive Recovery Agent may be hired by the bail bondsman to recover the defendant. In some cases, the bounty hunter works independently.

A Basic Job Description

A bounty hunter is the guy or gal with the job of making sure a defendant out on bail or awaiting trial follows the conditions of his bail. This means not running away, staying away from certain people, places, or activities illegal in nature. The Fugitive Recovery Agent working on Adams County Bail Bonds is different from the police or judges who enforce laws, but are none the less responsible for some of the things a court or correctional facility would handle. Other parts of the job include making sure the person out on bail pays the bail in full, tracking down a defendant who has jumped bail, and re-arrest the defendant if necessary.

The Good and the Bad

Not every Fugitive Recovery Agent has a career as exciting as what you might see on some reality television shows on cable, but stressful, dangerous events do sometimes occur during the course of the job. There may indeed be an occasional physical confrontation, or there could be a time when a bounty hunter has to go into a residence or other building that isn’t safe.

There also can be some financial uncertainties, as the fugitive recovery agent only gets paid when a defendant has been recovered or goes to trial, and even then it’s a percentage of the bail amount that is normally shared with whoever is handling bail bonds in Aurora or another Colorado location, for example.

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