When someone you love goes to jail, your first reaction is to get them out as quickly as you can. However, before you co-sign for a bail bond, you should stop and ask questions about what your responsibilities will be. Let’s take a closer look at co-signing for a bail bond.
A co-signer is someone who signs a bail bond and takes full responsibility for the amount of bail if the accused doesn’t attend their court dates. This means that if your loved one doesn’t show up in court when they are supposed to, you are the one that has to pay. A co-signer can also be referred to as an indemnitor.
Once you co-sign for a bail bond, you are responsible for making sure the accused makes every court date. This responsibility extends beyond just the first court date. No matter how many times the accused has to go to court, if you co-signed the bail bond, you have to make sure they appear every single time.
By co-signing, you are also taking responsibility for any additional fees. For example, if your loved one doesn’t appear in court, an agent (like a bounty hunter) may need to be hired to find them. This additional cost to locate your loved one would fall back on you, the co-signer.
If the accused doesn’t go to court and cannot be found, then the court can forfeit the bond. Then the bail bond company will need to get their money back from the co-signer as agreed. If there was any collateral (like property) involved, that will be used to pay the debt. Responsibility for paying this debt falls completely on the co-signer.
Co-signing for a bail bond is a major responsibility that you should take seriously. The professionals at Big Mike Bail Bonds can help you through the process. If you need to get a loved one out of jail fast, call us today.