Bail Bond Co-Signer

What are the responsibilities of a bail bond co-signer?

As a bail bond co-signer, what you are essentially doing is signing a promissory note or indemnity agreement financially obligating yourself to pay the full amount of a bond if the defendant or accused person does not appear in court.

In order to meet the requirements to be a bail bond co-signer, you must be at least 18 years of age, a citizen of the United States, and have lived in the same area for a predetermined period (typically at least two years). You must also have sufficient credit and be able to show proof of stable employment, and in some cases may need a lease or mortgage in your name and have verifiable references.

The cosigner or indemnitor for a bail bond will be responsible for making sure the defendant appears for all of their scheduled court dates until all court proceedings stemming from the existing charges have concluded. In other words, when you sign off on a bail bond, you have taken full responsibility for the defendant.

Risks of a bail bond co-signer

The bail bond co-signer is liable for failure to appear fees. Should the defendant go missing, or fail to show up for scheduled court dates, these fees may increase the longer the person is missing. If time allotted by the court expires and the defendant is still missing, then the co-signer may be held liable for the full bond amount.


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FAQ


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When an individual is arrested for a crime in the State of Florida, typically that person will be taken to jail for booking. Once in custody the process of release can take several hours. Finding information about your loved one can be frustrating and difficult. The agents at Above All Bail Bonds are available 24 hours a day to assist you in every step. Just call 844.755.2245

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A Surety Bond more commonly known as a (Bail Bond) involves a relative or friend contacting a bail agent. A Bail Agent is a licensed agent backed by an insurance company. When a bondsman posts bail, they are pledging the full amount of bail, guaranteed by an insurance company having adequate assets to satisfy the face value of the bond. A Bail Bond is the safest form of bail.

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For this service, the defendant is charged a premium (10% of the bail amount in Florida). For example, if the bail amount is $10,000.00, the premium charged is $1,000.00. All bondmen are required by law to charge 10% unless the full amount of the bond is less than $1,000.00; in that case the fee is $100.00. For example, if the bail amount is $750.00, the premium charged is $100.00. Convenient payment arrangements available!

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The 10% premium is fully earned once the bail bond is posted with a jail or court. This fee is non-refundable once the case is completed.

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Collateral is anything of value used to financially secure a bail bond. Collateral is often not necessary and is factored on a case by case basis. Some examples of collateral include a signature from a qualified indemnitor, credit cards, houses, cars, boats, jewelry.

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Once your case is completed and our agency receives notice from the court, we will return all collateral in a timely fashion. By Florida Law all collateral must be returned within 21 days after the bond has been discharged.
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The Indemnitor is a family member or friend who makes an agreement with the surety to secure any loss. They are responsible for the full amount of the bond if the defendant fails to appear in court.
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After a defendant is booked into a county jail, it usually takes anywhere from 2 to 6 hours to be released on bail. We wish we could speed up the process but county jails operate at their own pace. Above All Bail Bonds does everything possible to expedite the defendant’s release. Let us assure you we will be by your side every step of the way.

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Revoking a bond, although possible in most cases, is generally not recommended unless you are concerned that there is a strong possibility the defendant will fail to show up for scheduled court dates. You will lose your premium and could incur other fees. If you used a Bondsman, the terms for revoking your bond will depend upon the language used in the contract/surety agreement you signed. If it contains language that allows you to notify the bondsman that you no longer wish your collateral to be at risk, then yes, you may revoke. You will need to contact your bail bondsman for details on this process and whether or not you would be eligible to revoke your bond.
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If you are trying to find a loved one or family member and you believe they may have been arrested, we can help. Visit our inmate search page for more information or call one of our inmate search specialist: 844-755-2245
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If you believe you have a warrant, we will perform a warrant search for you and help you with the entire process. Call us now: 844-755-2245