Marvin Morgan Bail Bonds on Bondsman
A bail bondsman or bond agent is an individual or company who operates independently to offer surety bonds to a specific court of law. There are almost 15,000 bail bondsmen currently working in the United States. As Marvin Morgan from Bail Bonds NYC agency informs, although in many states, bail bondsman and bail recovery agents, popularly known as bounty hunters are classified under the same title of bail agent, they perform completely different services.
Bail bondsmen provide the funds necessary to release a criminal offender prior to their trial; this is usually secured by property collateral or a co-signer. Bail recovery agents or bounty hunters are usually responsible for tracking down, arresting and returning a fugitive defendant for their court date, Marvin Morgan Bail Bonds team clarifies.
The common bail bondsman, usually portrayed in the media is the surety bail bondsman. This type of bondsman is licensed by state governments to provide bail bonds for defendants who are accused of one of a wide variety of crimes ranging from driving citations up to capital murder.
According to Marvin Morgan Bail Bondsmen, the services offered by a bondsman are made possible through various contractual agreements that are pre-set with the court systems in various states and counties where the bondsman conducts his or her business. In return for a guarantee that the offender will appear in court, the surety bail bondsman puts up the money for the entire bail amount.
Like any other financial professionals providing loans or bonds, bail bondsmen also need ascertaining that a potential client is eligible to be issued a bond, Marvin Morgan Bail Bonds state. The best way to earn a bail bond is to provide some sort of security like real estate or property, or to include a co-signer who will guarantee the defendant will appear for their court date.
With that being said, this may appear to be a risky financial profession, but according to Marvin Morgan Bail Bonds, in some areas the risk to bail bondsmen is minimal. And even many people don’t see being a bail bondsman as a glamorous career, Marvin Morgan Bail Bonds state it can be very fulfilling and lucrative for the right individual.