What You Need to Do if You Cosign on a Bail Bond

 

If your friend or family member suddenly finds themselves on the wrong side of a jail cell, then they might call you up, hoping for help with getting bailed out. In such a situation, it's worth considering whether you want to become financially involved in the process. As the bail bond cosigner, or indemnitor, you will take on a measure of financial risk in your effort to assist your loved one. By cosigning on the bond, you can help your loved one get out as quickly as possible, which will give them the best chance possible of maintaining employment. Here are four responsibilities of a bail bond cosigner.

Pay Upfront Costs

To get the bail process moving forward, you'll need to pay the initial costs. Typically, the bail premium is around 10% of the full bail amount, which is established by the judge. Usually, more serious crimes have higher bail costs. In some cases, the judge will deny bail because the defendant is determined to be a flight risk or public safety threat.

Monitor Defendant's Whereabouts

By keeping tabs on your loved one's location, you can help make sure that they're in a stable living situation, which will make it more likely that they make it to their crucial court dates. In some instances, the defendant will also be asked to periodically check in with the bail bond agency.

Ensure that the Defendant Attends All Court Dates

It is of the utmost importance that the attendant appears on-time at every scheduled court date. If a court date is missed, you could end up facing the financial repercussions.

Potentially Pay Full Bail Amount

If your loved one skips out on bail and is nowhere to be found, then you could be held responsible for the total bail amount. Also, if you used personal property as collateral, it could at this point become forfeited.

If you need a bail bond, be sure to work with an experienced bail bond agent. For bail bonds in San Rafael, Petaluma, Mill Valley, and Marin County, CA, contact the experts at 5 Star Bail Bonds at (415) 479-4800. Feel free to give 5 Star Bail Bonds a call today for a free bail bond consultation in San Rafael!


5 Star Bail Bonds Blog
Posted: April 5, 2021

Written and Published By MORBiZ


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