|
Cosigner - Indemnitor
The cosigner is the person who takes full financial responsibility for the bond. It is the responsibility of the cosigner to see that the premium is paid. A bail bond is an appearance bond, and is good for one year. If the case continues longer than a year, an additional premium is due and is collected for each additional year. These premiums are not refundable, and upon the release of the defendant are fully earned.
Additional expenses incurred in the transaction of a bail bond - such as long distance telephone calls, travel, or posting fees - may be charged by the bail agent.
In case of forfeiture (failure of the defendant to appear,) it is the duty of the cosigner to pay the full amount of the bail and/or locate the defendant for surrender.
If the defendant or cosigner changes addresses or employment, it is the responsibility of the cosigner to notify the agent within 48 hours. Failure to do this may be cause for surrender of the defendant and may prevent the bail agent from providing you with court orders.
If the defendant does not appear....
The defendant is obligated by the bail agreement to appear at each and every court appearance required by the court.
Failure to do so will result in the forfeiture of the bond.
If the defendant fails to appear, the cosigner may be required to bring the defendant to the bonding company, the bond may be reinstated, or the defendant may be returned to custody.
Failure to act immediately can add up expenses, such as tracing fees, court costs, and attorney fees if legal action is taken by the court or the bonding company. The cosigner is liable.
PLEASE READ ALL BAIL AGREEMENTS CAREFULLY
Getting off the bond liability...
You are no longer liable for the defendant’s bond when he/she has completed all of their court appearances, and when all costs have been paid. It is best to contact the agent when the court case is over for the fast return of any collateral pledged and to confirm that the bond is exonerated.
In the event of forfeiture, the cosigner is liable until the full amount of the bail has been paid plus any expenses incurred, or until the court exonerates the bond. Only then is your responsibility completed.
IF YOU HAVE ANY QUESTIONS REGARDING THE BAIL BOND , PLEASE ASK YOUR LOCAL BAIL AGENT
|
