South Florida Bail Bonds | Your Responsibilities When Signing a Bail Bond Contract
Agreeing to co-sign a bail bond means that you sign a promissory note or an indemnity agreement that financially obligates you to pay the full amount of the set bond if the accused fail to appear in court. Once the bail bond has been co-signed, the accused will be released from jail pending resolution of the charges against her/him by a court of law. As for a South Florida bail bonds company, they will receive a percentage of the bond as his/her fee for guaranteeing and securing the bond and the release of the accused. The fee is usually 10% of the total bail amount and must be generally be paid with cash and will not be returned to the co-signer.
Important Things You Should Know Before Co-Signing a Bail Bond
Oftentimes, co-signing involves pledging tangible property such as homes, jewelry, cash, cars, and other valuable items. If the accused flees, the co-signer must either pay the entire bail amount or surrender the property that was pledged as collateral to the bail bond company. Below are some important things you should know before co-signing a bail bond:
- The accused will be released from jail
- You, as the co-signer, has the authority and duty to ensure the accused appears at all court hearings and meets any other bond requirements.
- As a co-signer, you have the right to request stipulations before co-signing, such as the requirement that the accused attend or undergo a mental health evaluation or a drug treatment program.
- If you become uncomfortable with the defendant’s actions, you can ask the bail bond company to withdraw the bond and return the accused to jail.
- If the accuser flees or refuses to appear in court, you can contact the bail bond company and let them know where the accused is so he/she can be returned to jail.
What Are My Rights As a Co-Signer?
First of all, you have the right not to be a co-signer. Before agreeing to become a co-signer, make sure you fully understand your responsibilities and that you also have the right to revoke the bail bond once you have co-signed. If you feel that the accused will not appear in court, you can terminate the agreement with the bail bondsman.
Work With an Experienced South Florida Bail Bonds Company
If someone you know has been arrested, you may want to bail them out. If you need to speak with a licensed and trusted South Florida bail bonds company for an immediate bail service, contact MIA Bail Bonds today for more information.