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Date: April 29, 2024 Mon
Time: 10:15 pm
Time: 10:15 pm
Results for commercial bonds
3 results foundAuthor: Phillips, Mary T. Title: Making Bail in New York City: Commercial Bonds and Cash Bail Summary: This research examined bail making by defendants in New York City in a sample of cases with an arrest in 2005, focusing on the role of commercial bonds. The report concludes with a discussion of the implications of the findings, suggesting several strategies that could lessen defendants' growing reliance on bondsmen. Details: New York: New York City Criminal Justice Agency, Inc., 2010. 98p. Source: Internet Resource Year: 2010 Country: United States URL: Shelf Number: 118716 Keywords: Bail (New York City)Bail BondsmenCommercial BondsPre-trial Release |
Author: Phillips, Mary T. Title: Commercial Bail Bonds in New York City Summary: This report expands upon a recent study of bail making by the New York City Criminal Justice Agency, Inc. (CJA), which found that bail bondsmen play a much larger role in New York City than they did 30 years ago Research Brief #23, 2010). Commercial bail bonds are the most common form of pretrial release throughout the country, but for decades New York City has been different. Release on recognizance (ROR) accounts for two thirds of releases at arraignment in NYC. And when bail is set, it is more likely to be made by posting cash directly with the court than by posting a bond. However, the use of commercial bonds has increased in New York City in recent years, to well over 3,000 bonds annually. For cases with bail set at $1,000 or more, commercial bonds account for one in five bail releases. Defendants buy bonds because the amount of cash required up front can be considerably less than would be needed to post cash bail. The drawback is that a bond is much more expensive in the long run because cash bail is refunded. In addition, the bondsman can revoke the bond, sending the defendant back to jail, without giving the courts a reason. Citywide data are presented describing characteristics of bond agents, insurance companies, and co-signers. The research focused primarily on the financial aspects of commercial bonds and identified significant borough differences. These findings were used to devise a tool — the “effective cash discount” — that would enable the courts to set cash alternatives at a level calculated to remove the financial incentive for posting a bond rather than cash, tailored to the borough and bond amount. The report concludes with several recommendations, including use of an effective cash discount, that would lessen reliance on bondsmen. Details: New York, NY: CJA New York City Criminal Justice Agency, Inc., 2011. 8p. Source: CJA Research Brief No. 26: Internet Resource: Accessed on January 29, 2012 at http://www.cjareports.org/reports/brief26.pdf Year: 2011 Country: United States URL: http://www.cjareports.org/reports/brief26.pdf Shelf Number: 123879 Keywords: Bail (New York City)Bail BondsmenCommercial BondsDefendants |
Author: Bechtel, Kristin Title: Dispelling the Myths: What Policy Makers Need to Know About Pretrial Research Summary: The for-profit bail bonding industry has relied upon several recent studies to make the claim that commercial surety bonds are the most effective type of pretrial release. This paper provides an overview of those studies and explains why they cannot be used for this purpose because they do not answer questions about the effectiveness of any one type of pretrial release over that of others. This paper also cautions policy makers when the for-profit bail bonding industry presents them with these studies, and concludes that researchers should engage in objective and methodologically sound research that informs cost-effective and evidence-based pretrial public policy. Details: Washington, DC: Pretrial Justice Institute, 2012. 19p. Source: Internet Resource: Accessed November 12, 2012 at http://www.pretrial.org/Reports/PJI%20Reports/Dispelling%20the%20Myths%20%28November%202012%29.pdf Year: 2012 Country: United States URL: http://www.pretrial.org/Reports/PJI%20Reports/Dispelling%20the%20Myths%20%28November%202012%29.pdf Shelf Number: 126919 Keywords: BailCommercial BondsCost-Benefit AnalysisCriminal Justice PolicyPretrial Release |