When a family member or friend gets arrested, the first thing on anyone's mind is getting the person released from jail as quickly as possible. In some cases, this is a simple, easy process, but certain circumstances can make it more complicated. Here are three things you need to know about posting bail in Denver.
A defendant can begin the process of posting bail as soon as he or she is booked and processed into a correction facility. For misdemeanor crimes, this can happen quite quickly because, for these crimes, the bail amount is generally set automatically according to a county bail schedule. For felony crimes, a bond hearing must be held first to determine the amount of bail, so the process of posting bail takes longer.
Four types of bonds
When you're arrested in Denver, there are four bond types that you can post to be released from jail. These include:
Personal recognizance bond
This is the fastest and least expensive type of bond, requiring no money to be posted. Instead, it's a signed document that promises that the defendant will appear for all court hearings. This type of bond is usually only available to first-time offenders who have been arrested for a non-violent crime.
A cash bond requires the entire amount of bail to be posted at once, so it's only an option if the defendant can pay that amount or enlist a co-signer to pay. Posting a cash bond is advantageous since almost all the money is returned when the defendant appears for all court hearings. However, it's the most expensive type of bond and can be cost prohibitive to many people.
Since most people don't have the extra cash to pay a full bond, even for a misdemeanor crime, surety bond is a popular option. The defendant signs an agreement with a bail bond agent in which the agent agrees to pay the entire bail amount to the courts (if necessary) while the defendant pays the agent a fixed amount of the bond, called a premium. In Denver, the premium can't exceed 15% of the bond total. The premium is also not returned to the defendant. If the defendant neglects to appear for any of his or her court hearings, the defendant is legally responsible to pay the full amount of bail to the bail bond agent. For this type of bond, collateral may be required.
In some cases, even the bail premium is too expensive for a defendant to pay. If this is the case, a property bond is another option. Property bonds require a large amount of paperwork proving not only ownership of property, but equity in that property to cover the cost of the bond. In Colorado, the value of the property must equal 150% of the bond total.
Co-signing for a bond.
If a defendant can't afford the bond or bond premium and has no property to put up for a property bond, having a co-signer assist with payment is an option. In Colorado, a co-signer doesn't have to be a relative of the defendant; he or she must simply be an adult who's willing and able to pay. To that end, co-signers must prove their financial ability to pay the bond premium, or the full bond if the defendant skips any court hearings. This can be a lengthy process, but it's advantageous for defendants who need assistance with paying their bond.
When your loved one is in jail, getting him or her released quickly is your highest priority - and ours. If you're in need of a bail bonds service in Denver, consider Details Investigations and Bail Bonds. We'll work quickly to get your friend or family member out of jail as quickly, and easily, as possible without accumulating a mountain of debt. Contact us for a free consultation today.