No one wants to get the call that a friend or family member has been arrested. Fortunately, if they’re given the chance to post bail, they’ll soon be released from jail and able to resume normal life until their trial. However, a cosigner may be necessary to obtain the bail bond they need. Whether you’ve been asked or volunteered to cosign under these circumstances, it’s important to have a clear understanding of the position this will put you in. Here’s what you should know before making the decision to take on this role.

Cosigning Bail Bonds: A Guide for Friends & Family Members

Who Qualifies to Be a Cosigner?

The first thing to be aware of is that not everyone is eligible to cosign bail bonds. You must be a citizen of the United States and a resident of the same area for a certain length of time depending on the jurisdiction. You’ll also need to be able to show that you have a steady job and an adequate credit history.

Responsibilities of a Cosigner 

When you cosign a bail bond, you’re agreeing to take responsibility for the full bond amount if the defendant fails to honor the arrangement and appear in court. In many cases, cosigners are required to put up collateral as assurance that the defendant won’t skip town.

Generally, collateral can be real estate, vehicles, valuable jewelry, electronics, or investment accounts. If the defendant misses a scheduled court date or violates a condition of their bond, their bail will likely be revoked, and your collateral must be relinquished to the bondsman. As long as the defendant doesn’t skip bail, however, your property will be returned to you once the case is over.

Cosigner’s Rights 

As a cosigner, you have the right to revoke the bond any time you feel it’s necessary. If you’re concerned the defendant will violate the agreement, you can contact the bondsman or court to have your name withdrawn from the bond and your collateral returned. The defendant will then be returned to jail. 

 

If you’ve agreed to cosign for a loved one’s bond, turn to AAA Bail Bonding for reliable and prompt service. They’ll help ensure your friend or relative isn’t held in jail for any longer than they have to be. Offering 24-hour assistance, they’re available any time of the day or night to provide residents throughout Anderson County, TN, with the funds they need to post bail. Call (800) 468-1161 to have your questions answered or visit them online to learn more about their bail bond services.