A bail bond is
defined as a financial agreement between the Bail
bondsman services in Upper Marlboro, MD and the
criminal defendant. The bail bond is a written agreement that states
that the bond will be repaid by the defendant after they go to court
following their release on bond. In order to make sure that the bail
bond will indeed be repaid, collateral is set up in order to act as a
monetary value to the bail bond.
It Is a
Legally Binding Document
Co-signing a bail
bond is more than just a written agreement. Being a cosigner means
that you are agreeing to pay the bail bond fee in full –which is
usually 10% of the amount owed–, put up collateral, and being
responsible for getting the accused person to appear in court. If the
defendant fails to show up in court, you will be responsible for
repaying the full amount of the bail bond, which is stipulated in the
contract between the bail bondsman and yourself. Even if you do not
like the rules of the cosigner document, they must be followed.
As the cosigner
of the bail bond, you are liable for any fees that may accrue should
the criminal defendant flee or fail to appear for their court date.
If this happens, it is your duty to find the accused person and bring
them back to jail. Whether or not the cosigner is able to find the
criminal defendant after fleeing, they must still pay the bail
bondsman’s 10% fee, as well as surrender any collateral.
Can Be Made
After you understand the important facts of cosigning a bail bond, you can meet with Bail Bondsman Services in Upper Marlboro, MD. Because the cosigner of the bail bond is responsible for the collateral and the criminal defendant, they have the option to set stipulations for the accused person. This can mean requesting that they go to a drug or alcohol treatment center or to a mental health facility for an evaluation.
After you understand the important facts of cosigning a bail bond, you can meet with bail bondsman services in Upper Marlboro, MD. Remember to ask them any questions you might have and make sure you understand the answers. The right bail bondsman for you will be one who provides detailed answers and will be eager to work with you. Browse our website for more information.