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When a friend or relative gets arrested, it’s hard to say no when they ask for help with getting out of jail. Bail bonds are one of the quickest ways to help someone regain freedom temporarily. However, it’s essential to be aware of the responsibilities that come with being a co-signer of the bail contract. Here’s a closer look so you can gain a deeper understanding before you sign your name on that dotted line.

What Is a Co-Signer?

A person who makes arrangements for bail and signs the bond contract is called a co-signer or indemnitor. With the help of a bail bondsman, you can secure someone’s release by promising to fully pay the bond if he or she fails to appear in court. Once you co-sign, you have to pay a fee that’s equal to 10% of the bond in the state of Tennessee. Sometimes, co-signing also involves providing collateral to guarantee that the bail bondsman will be able to recover the money they pledged to the court in turn.

Bail bondsKeep in mind that if you’re the co-signer for a bail bond, it’s in your own best interest that the defendant shows up for the court hearing. If the defendant skips trial, you could lose your collateral since you promised to be responsible for paying the entirety of the bond. But if the defendant attends the trial, the bail will be returned to whoever posted it, and you’ll only be responsible for the initial 10%.

Why Can’t Just Anyone Become a Co-Signer?

Bonds are financially risky, so the bail bondsman will want a co-signer to be someone who has a strong relationship with the defendant. Good candidates include spouses, family members, and long-term friends. The co-signer must also be a resident of the county and state where the defendant is being prosecuted with good credit and a stable job. These factors assure the bond agent that the co-signer is qualified to be financially responsible for bond fees.

How Do You Handle a Defendant Who Skips the Court Appearance?

When the unfortunate happens, you have to inform the agent as soon as possible. In spite of what you may think, bondsmen are not eager to get their hands on your collateral. They are just looking to cover the financial risks. That is why when you co-sign a bail bond, be prepared to become liable for the entire amount of bail if the defendant suddenly disappears. In some cases, a bounty hunter will work with the bail agent to locate the defendant. 

 

When someone you care for gets arrested, it’s crucial to turn to an honest and compassionate bail bondsman who can help you. Cumberland Bail Bonds in Tennessee offers you expert guidance on the bail bonds process and works to get your loved one out of jail quickly. Since 1992, the agents have been available 24/7 to help friends and family members throughout the state. Call (423) 622-3733 today to get a free consultation.

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