How to get out of a bail bond contract
The initial reaction of any person whose loved one has been arrested lawfully or unlawfully would be to render assistance in any way possible. In regular context, a person who has been arrested without being proven guilty is allowed to go out of jail through posting of bail. Sometimes, defendants might not have cash at hand to bail themselves out and further complications could erupt. In events of this nature, the defendants seek for help from a person who is called ‘bail bondsman’.
First finding a bail bondsman does not solve the whole problem, infact, it barely solves quarter of the preceding issues in most cases. There have been incidences whereby defendants couldn’t raise even 15% of the bail amount that the bail bondsman required. The scarcity of funds is more surreal than you’d imagine. Thankfully, the defendant isn’t completely stranded at this stage.
Such a person has another option of calling a friend or family relation to co-sign for them. This family member or friend is assigned the duty of acting as an indemnitor while the bail bondsman or agent pays the bail money so the defendant can leave the jail cell at once. The whole task and processes may seem cumbersome, infact, reading all this hullabaloo might begin to give you the creeps. I’ll advise that you don’t get unnecessarily alarmed because bailing out of bond is a lot more convenient than many people think.
Amidst the comfortability of the procedure, a co-signer should be aware of the duties and responsibilities involved in occupying that position for this friend of yours. There are certain challenges that come along with the co-signer status. Challenges include some money suprises that may possibly take an unpleasant turn. But whatever the pricks may be, they will be problems you can handle.
Before we go to the business of the day, there are some terms you should know in order to get a hang of what we’re talking about. The definitions are exclusively for information purposes.
Bail bond- what does it entail?
First and foremost, a bail bond means a type of bail payment which i made on behalf of the defendant by a bail bondsman. So you don’t get confused, the bail bondman does not raise the money, he is just a medium of payment. The money is usually raised by the defendants or their friends and family in a bid to get him or her out of jail immediately.
There are certain things that need to be done for extra security during the signing process. The bail bondsman will require some kind of collateral from the co-signer for protection against the bond, just in case things go side ways. When a person co-sign or stands in as an indemnitor, he or she will be responsible for any additional fines that may pop up, especially if this defendant does not show up in court hearings.
What and Who is an indemnitor?
The word indemnitor is used to refer to people who co-sign bail bondsman and stand in for the defendant. It is the indemnitor or co-signer that gives financial assurances and guarantee which are greatly demanded by bonding companies. In other words, bonding companies don’t joke with information such as the aforelisted.
The Indemnitor’s responsibilities
Having known who and what an indemnitor is, we’ll be looking at the roles and responsibilities such individuals play during the bailing process. When you sign a bail bond contract, you are automatically saddled with the responsibility of making sure the defendant is always present in the court when he has to. In other words, he must not miss any court dates, not even a single one.
The indemnitor is also meant to pay for the bounty Hunter, who is also referred to as the recovery agent. I probably didn’t state this fact before but it’s needful that it revealed now. If your defendant does not show up in court, you the co-signer or indemnitor will be paying extra fees.
To the question of the day, how to get out of a bail contract:
An indemnitor can’t get out of a bail bond contract, the contract can only be exonerated if the defendant has fulfilled all compulsory court responsibilities. Let the case of the defendant be closed, and then you’re off the hook.