Co-signing a bail bond entails signing a promissory note or an indemnity agreement which financially obligates you to pay the entire bail amount if the accused person or persons do not appear in court. After co-signing the bail bond, the accused will subsequently be released from detention during the resolution period in which his or her charges will be heard in a court of law. Two important points about co-signing:
Upon procuring a co-signer, the detainee is guaranteed release if all requirements are met.
A co-signer has every right and duty to assure that the accused appear at court proceedings and any other requirements requested upon by the bond.
What Does it Mean to be a Co-signer?
The process of co-signing a bail bond entails providing physical property, such as cash, cars, and other valued items as a form of collateral. By providing these tangible items, the bail bondsman is guaranteed to recover the money he or she has pledged to the court in the form of a surety bond. If for any reason the accused fails to appear in court within a specified period of time or purposefully flees, it is the co-signer’s responsibility to pay the entire bond amount or surrender all property that was provided to the bail bond company as collateral.
The co-signer has the right to require stipulations before co-signing. Stipulations can take many forms, for example, requiring that the accused attend a drug treatment program or be evaluated by doctors and other health professionals. The co-signer has the right to ask the bond company to cancel the bond if the accused exhibits any behavior that is deemed uncomfortable or questionable – thus returning the accused to jail. In the instance that the accused flees, the co-signer can report the location of the accused to the bail bond company in an effort to apprehend the accused and return that person to jail.
Who Can Be a Co-signer?
No everyone is eligible to co-sign a bail bond. In order to be a co-signer, a person must be a legal citizen of the United States of America, have lived in the same geographic area for a predetermined period of time, have a reliable and stable source of income, and have sufficient credit.
What are Typical Bail Bond Fees?
The website for professional bail agents of the United States (PBUS) says that a bail bond company will receive a predetermined percentage of the bond as a fee for assuring the bond and securing the release of the detained. The bail bond company fee is usually around 10 percent of the total amount – 10 percent is the lowest amount required by law. The 10 percent fee must usually be paid with cash and is non-refundable to the co-signer.
What Happens if the Person Does Not Show Up for Court?
.If the bail bond company must hire a bounty hunter to retrieve the accused after not appearing in court or attempting to flee, those individuals who paid the bond must pay for these additional services.
.Skipping a bail, not appearing in court, or attempting to flee assures extended jail time for the accused.
.The florida Bail Bond Company will work alongside individuals without collateral and guarantee a charge of no more than 10 percent, the minimum bail fee allowed by law!
From Bad to Worse: Why Skipping Bail Should Never Be an Option
Skipping out on bail isn’t just an “option” that most people hope they never have to use – it should never be an option in the first place. Getting arrested is already a very serious situation for everyone involved. You don’t want to take a bad situation and somehow manage to make it even worse by skipping out on bail. Not only will you be making things more difficult for yourself, but you’ll also be creating huge number of new problems for the person who was kind enough to bail you out in the first place.
Loss of Collateral
One of the first things that will happen if you skip out on bail is that the person who put up the money for bail will lose whatever they had to use as collateral on the bond. If the person who bailed you out collected the necessary money through various means or emptied their savings account in order to help out a friend or family member in need, they can consider that money “gone” the moment you don’t show up for court. This could create an extremely negative financial situation for that person depending on the total amount of the bond in question.
From a personal standpoint, your chances of ever getting bail in the future also go down to what is essentially zero if you skip out on bail a single time. Even though nobody ever plans on the need to get bailed out multiple times in their lifetime, it would still be a nice option to have. No matter what crime you would be charged with in the future, it would be very difficult to get a judge to even consider setting bail if you’ve already proved that you can’t be trusted to hold up your end of the bargain in the past.
In the event that you run out on bail, the people who put up the money for the bond are responsible for a number of different things. If a bail bondsman needs to hire a bounty hunter to come and get you back from wherever you’re hiding, for example, those people who just wanted to help out a friend will be financially responsible for any additional expenses that they incur.
Skipping out on bail for any reason creates huge issues for everyone involved. Not only are you making life extremely difficult (and potentially expensive) for the people who tried to help you out, but you’re also all but guaranteeing extended jail times both now and in the future.