What are Bail Bonds?
What are Bail Bonds?
Blog Article
Bail bonds serve as financial agreements that allow an arrested individual to be released from custody while awaiting trial. When a person is arrested, they are usually required to pay a specified amount of money, known as bail, to secure their release until their court date.
In Minnesota, a Bail Bondsman must legally charge 10% of the principal bail bond amount. However, when permitted by law, low upfront payments can be provided, as long as the minimum Unconditional Bail Bonds - Get your Liberty Back bail bond premium required by law is collected. The rest of the owed bail bond premium can then be placed on a monthly payment plan.
For individuals grappling with financial stress, paying the full bail upfront can be daunting. Fortunately, bail bondsmen provide an option to cover this cost, charging a fee for their services. In Minnesota, you also have the option of unconditional bail bonds that offer added flexibility for your situation.
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