Putting up your assets as bail bond collateral constitutes several entailments. Knowing your rights is crucial before you become a co-signer for a person.
Know that You are Responsible for the Defendant
A co-signer bail bond means that you are now responsible for the defendant. The primary thing you should ensure is that the defendant that you bailed out attends future court hearings. If they do not show up for the court trials, they may face criminal charges, including the charging of warrants and additional fines. Moreover, the court will have the right to question you for the defendant’s irresponsible behavior. Therefore, make sure your loved one or friend does not violate any further rules. Furthermore, ensure they do not leave the state or contact any witness or victim in the case.
One of the prime responsibilities pertaining to a co-signer is he or she is financially obligated. When you sign, you will have to pay a specific percentage of the bond upfront. Many bail bond companies provide you with payment options for this upfront charge. In most cases, this money is often nonrefundable.
Another aspect of this element is the process of putting down your collateral. Such collateral can constitute your assets, including your home, vehicle, and other personal items. If the defendant does not show up in court during the trials, the bail bond firm has the right to collect your assets for payment.
A co signer for bail bond needs not to have a specific job type, but they have to offer proof of income, including bank statements and residency proofs.
A co-signer can require stipulations on the bail bond. A few standard stipulations include requiring the defendant to attend a rehab program or a mental health evaluation. Such stipulations help pull some weight off the consigner to not be responsible if the defendant does not hold up their end of the terms.
Validation through Court Proceedings
Many people believe that a co-signer is only responsible for the defendant through the initial hearings. However, the truth is that a co-signer is responsible for the entire criminal or civil proceeding process. Therefore, it is vital to stay up to date with the process, including knowing about the preliminary hearings, plea hearings, and sentencing.
A Co-signer Can Cancel the Bond
With the help of a reputable bail bonds agent, you can remove yourself as a co-signer. Opting out at the right time will help you relieve yourself from the hassle of criminal and financial obligations. Thus, it is always apt to take guidance from a bail bonds dealer before cosigning a bond.
One needs to remember that considering the co-signer rights is essential. Also, think beyond the co-signer rights. If you believe the defendant will not complete the court hearings, do not take a risk and consult a bail bonds agent for expert insights. If you decide to bail out someone, make sure you keep track of all the documents you sign. Keep copies of all the records so that you and the defendant will not violate any legal obligations.