19 Sep What Cosigners And Defendants Need To Know
Cosigning onto a bail bond is a huge gesture of the signer towards the defendant who needs the bail bond. However, it also is a risk for the cosigner. And for the defendant, it is a lot of trust and good faith instill upon them, from the cosigner.
For the cosigner:
- You are expected to show up in court as required. If you do not, your cosigner loses money and/ or collateral that he or she pledged in your good name. Off the records, you may also lose their trust and damage your relationship with them.
- If the cosigner withdraws his or her name from your bail bond at any time, you will be taken back into custody until you can get another cosigner, if allowed.