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The first modern bail bonds business in the United States was established by Peter P. McDonough in San Francisco in 1898. [4] However, clay tablets from ca. 2750 BC describe surety bail bond agreements made in the Akkadian city of Eshnunna, located in modern-day Iraq.
The court in many jurisdictions, especially states that as of 2012 prohibited surety bail bondsmen – Oregon, Nebraska, Wisconsin, Illinois, Kentucky and Maine [29] – may demand a certain amount of the total bail (typically 10%) be given to the court, which is known as surety on the bond and unlike with bail bondsmen, is returned if the ...
A surety bond is defined as a contract among at least three parties: [1] the obligee: the party who is the recipient of an obligation; the principal: the primary party who will perform the contractual obligation; the surety: who assures the obligee that the principal can perform the task; European surety bonds can be issued by banks and surety ...
Detroit's 36th District Court — Michigan's busiest — has agreed to a policy change that will keep thousands of low-level offenders out of jail.
Oklahoma County proposes to temporarily tap jail bond funds to meet operational financial needs. The money will be repaid in mid-January, an official says.
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A recognizance is different from a bail bond in that it is a pledge of money and no upfront payment of a cash deposit is required. [3] [4] Historically recognizances were also used by courts of quarter sessions to require a person to attend court and give evidence. [2]
This page was last edited on 4 January 2020, at 13:43 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may ...
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