If you are wondering how does co-signing works in the bail bond process, you are not alone. Many people that call on our bail bondsmen at Sanctuary Bail Bonds have never been through the process before and have a lot of questions.
Our experienced bail bondsmen take the time to explain all issues of what is the co-signer’s meaning and responsibilities and also provide information about the possible risks. As a responsible bail bonding company, we want our clients to fully understand the process and what they are doing when they agree to co-sign the bond.
The Basic Co-Signing Definition
The most basic co-sign meaning in the bond is to guarantee the accused will appear at their scheduled court hearing. The co-signer also provides the payment for the bond either on their own or on behalf of the person in jail. Once the bond is signed and the collateral or payment is processed, the individual is released for jail.
The co-bond signer may also be called a guarantor or indemnitor. Should the individual fail to appear at the hearing, the co-signer will forfeit the collateral and any payment for the cost of the bond. There can also be additional costs to the co-signer at this point.
If you are wondering can a cosigner be removed from a bail bond, the answer is yes, in some cases. Ideally, call the bail bondsman at Sanctuary Bail Bonds if you are concerned about the individual not appearing for court, and we can explain the options. To speak to a bail bondsman at Sanctuary Bail Bonds, call us at 602-224-5247.