Responsibilities of a Bail Bond Co-Signer

Responsibilities of a Bail Bond Co-Signer

If you are securing a bail bond for another individual through a bail company, you are considered the co-signer. When you become a co-signer, the defendant will be released from jail and you essentially promise that you will make sure he/she appears in all court hearings.

For guaranteeing the bond and helping the defendant get released from custody, the bail bond company will receive a percentage—averaging about 10 percent of the total amount. This fee is paid in cash and not returned to the co-signer.

In many cases, co-signing involves pledging tangible assets, such as cash, homes, vehicles, and other valuable items to ensure that the bail bondsman will receive the funds back that he/she has pledged to the court (in the form of a surety bond). If the defendant fails to appear, the bond company will attempt to collect from him/her first before holding a co-signer responsible for repayment or surrendering the property that was pledged as collateral.

Keep in mind, co-signers have certain rights. For instance, if a co-signer believes that the defendant will not make a court hearing, he/she can contact the bondsman and withdraw the bond. Then, the bondsman will have the defendant arrested and returned to jail.

In order to co-sign a bail bond, you must be a U.S. citizen, live in the same area as the defendant, employed, and have acceptable credit.

If you are interested in helping your family member or friend post bail in Columbus, OH, contact Andy Callif Bail Bonds at (614) 945-4334 today for more information.

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