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Bail: Bail Bond
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A Bail Bond is a type of surety bond used to secure the release from custody of a person charged with a criminal offense. Under such a contract, the principal is the accused, the obligee is the government, and the surety is the bail bondsman. For more on "how bail works," click here
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Kent Morgan, 43, of Murrieta, and owner of Rancho Bail Bonds, surrendered to authorities on August 14 after being charged with 40 felony counts by the Riverside County District Attorney’s office. The charges include grand theft and permitting an unlicensed person to transact bail. Morgan was released on $100,000 bond. If convicted, he could face probation or up to 29 years in prison.
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Bail bond premiums are not refundable, as they are used for the bail agent`s expenses, etc. The indemnitor is ... responsible for additional expenses incurred by the bail agent in the transaction of a bail bond, such as long distance calls, travel, etc.
Investigation revealed that between 2003 and 2005, while employed by Rancho Bail Bonds and under instruction by Morgan, Kaesser wrote hundreds of bonds worth at least $2,165,242 in bail contracts. The bonds were posted in detention centers throughout Riverside, San Bernardino, San Diego and other California counties for charges including narcotics, burglary, assault with a deadly weapon, criminal threats, and firearms violations.
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Bail is evidenced by a bond or recognizance, which ordinarily becomes a record of the court. The bond is in the nature of a contract between the state on one side and the defendant and his sureties on the other. The agreement basically is that the state will release the defendant from custody the sureties will undertake that the defendant will appear at a specified time and place to answer the charge made against him. If the defendant fails to appe
A Bail Bondsman is any person or corporation that will act as a surety and pledge money or property as bail for the appearance of a criminal defendant in court. For more, click here
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