In the unfortunate event that a friend or family member is arrested, you may be asked to assist with bail by acting as a cosigner. While you want to do everything to help them, it is natural to have some uncertainties about the process. This guide will help you learn about the risks and responsibilities that come along with cosigning a bail bond.

What Does it Mean to Cosign a Bail Bond?

When a defendant is arrested, they can avoid being held in jail until their court date in exchange for monetary payment or form of collateral. Since most people don’t have such large sums of money readily available, a bail bond can be applied. This allows the defendant to pay only a portion of the bail if they pledge to show up in court. 

Having a cosigner on a bail bond gives the bondsman extra assurance that they will receive a payment if the defendant decides to flee. If the defendant does not appear in court, the cosigner must surrender their pledged assets or pay the bond in full. 

What Rights do Cosigners Have?

Cosigning a bail bond can be a significant financial risk if things don’t go as planned. Luckily, there are some regulations set in place to offer protection and ensure that the defendant follows the rules set in place. For example, a cosigner can request that the defendant receives treatment for drug abuse for the duration of the agreement. 

If you want to know more about cosigning a bail bond, contact Bi-State Bail Bonds in Texarkana, TX. With over 20 years of experience, this licensed agency provides efficient service and flexible payment plans to all of Bowie County. Their team is also available 24 hours a day to assist you with your questions and concerns. For more information about how they can help you, visit them online. To speak with a bail bond agent about your situation, call (903) 794-2245 today.