What does it mean to be the cosigner of a bail bond? The decision to cosign a bail bond must be taken after thoughtful consideration and after thoroughly understanding the consequences of doing it.
The cosigner of a bail bond is the one who signs the bail bond contract on behalf of the defendant. That can be a family member or a close friend of the defendant. The cosigner takes responsibility for the defendant attending his or her scheduled court dates without fail. This is a considerable responsibility. If the defendant decides to skip bail, the cosigner will be held accountable for the full amount of bail.
Collateral may be put down when obtaining the bail bond contract. If that is the case when the defendant skips bail, the collateral may be forfeited. This is because the bail bonds agency is held accountable for the full amount of bail if the defendant is a no-show. If no collateral has been put down, the cosigner will be held financially responsible for the total amount of bail.
The unfortunate is highly unlikely as the bail skip rate is below 2% in the United States. Nevertheless, it is best to know what you agree to when cosigning a bail bond on behalf of someone. If you have any further questions regarding cosigning or bail bonds in general, contact us.
Are you looking for a way to bail out your loved one from jail? If the judge has granted bail, call up Bail 2 Go immediately. Kissimmee Bail Bonds Agency, BAil 2 Go is available to you 24/7/365. They make sure that you understand every line of the bail bond contract before signing it. No one wants to sit around in a cell when they can be bailed out. Contact Bail 2 Go right away to get your loved one out on bail without any delay.
