Las Vegas Bail Bonds Industry Ideal for Immigration Bonds Service.

Feb. 15, 2011 - PRLog -- As with any company, a successful bail agency must look for ways to expand its services for new sources of income. There are various untapped business  offerings that may net bail agents a nice paycheck, but one of the greatest unused resources is the immigration bond. Becoming licensed to handle immigration bonds isn’t difficult, and doing so can help to ensure the financial success of your agency.

What Are Immigration Bonds?

An immigration bond is a federal bond that must be posted when an individual is held after arrest by the Department of Homeland Security (DHS) - specifically, U.S. Immigration and Customs Enforcement. Unlike bail bonds, which are criminal in nature, immigration bonds are civil. They are also federal bonds, not state bonds. In spite of these important differences, the bond process works exactly the same way as with Las Vegas bail bonds: the bond ensures that an individual will show up for all court appearances.

On the other hand, immigration bonds are dealt with differently than bail bonds. In order to work with immigration bonds, a bail agency must be licensed to handle immigration bonds. Cash bonds are given to the federal government through the DHS. Oftentimes, those dealing in immigration bonds must cope with language barriers, U.S. Citizenship and Immigration Services and other branches of Homeland Security. Once an individual is detained, the DHS completes an investigation as to whether the individual has a legal right to be in the country. After that, they determine the bond amount and the type of bond that will be issued.

There are two types of immigration bonds: the delivery bond and the departure bond. The first is posted for the return of the detained individual to court on the specified dates. The second ensures that the detainee will leave the country by a predetermined date. Fees for these bonds are more than those for bail bonds, sometimes up to 20% of the assured amount.

Understanding Immigration Bonds

Before you pursue a Las Vegas bail bonds license, there are a few things you should consider. First, you should consider whether or not your market will allow sufficient business for a licensed immigration bond agency. In small towns without many immigrants, it might not make business sense, but for the many areas of the United States experiencing growth in the immigrant population, it may.

One potential difficulty is finding sufficient collateral to cover the bond. For example, in today’s depressed housing market, families may have difficulty covering a bond with their devalued real estate investments. Cash, stock holdings and vehicles might yield better collateral results. Prager deals with the issue by meticulously checking the value of their real estate by doing title searches and appraisals.

Immigration bonds pose an additional difficulty: they are subject to immediate forfeiture if a client does not appear in court, resulting in greater financial risk for the agency.

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