Cosigning a bail bond is often the fastest way to secure the release of a friend or family member who’s been arrested. However, a bail bond is an agreement that you’ll be responsible for the defendant’s behavior, so it’s important to understand your obligations. Below are a few things you should know before agreeing to cosign a bail bond.

What Does Cosigning a Bail Bond Mean?

Bail bond agencies issue a guarantee to the court that the defendant will make all their scheduled appearances. If they fail to do so, the bond agency may be responsible for paying the full bail amount. When you cosign a bail bond, you’ll be asked to sign a promissory note or indemnity agreement stating you’ll pay these costs. This provision minimizes the risk of the bail bond agency, but comes with considerable responsibility.

What Happens if the Defendant Doesn’t Appear in Court?

When you cosign a bail bond, you’ll typically be asked to put some property up as collateral. This could be jewelry, cash, or the title to a piece of real estate. If the defendant doesn’t appear in court, you may lose the assets used to secure the bond.

If your collateral did not cover the cost of bail or you simply signed a promissory note, the bail bond agency may be able to take collection action against you. Before cosigning a bail bond, be sure you can trust the defendant to make their court appearances.

You Have Control Over the Bail Agreement

When signing the bail bond, you can decide that the agreement is valid if the defendant fails to uphold certain conditions. For instance, you might require them to stop spending time with bad influences or complete a drug or alcohol addiction program.

If the defendant is engaging in behavior that makes you believe they might violate their bail conditions, you can ask the bail bond agency to revoke the agreement. While the defendant will likely be returned to police custody, you will get the collateral back without a financial penalty.

If a friend or family member has been charged with a crime anywhere in Cincinnati, Hamilton, or Dayton, Binnix Bail Bonds will help secure their release as quickly as possible. Their agents understand how stressful this experience can be, and will do everything possible to get your loved one back home where they belong. Visit their website to learn more about securing a bail bond, and follow their Facebook for tips and updates. To speak with a bail agent in Dayton, call (937) 751-7921, or dial (513) 341-5229 to reach their Cincinnati or Hamilton offices.