21 Sep What Cosigners And Defendants Need To Know
Thinking about cosigning for a loved one’s bail bond?
Learn more about bail bonds and the roles of cosigners by calling Lake Los Angeles Bail Bond Store at (661) 272-0151 , we are available 24/7.
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 agreeing to be responsible for the defendant going to court. If the defendant fails to show up in court on his or her date, then you may be required to pay bail money and/ or you may lose collateral.
- Understanding this risk and responsibility, you may withdraw your name from the bail bond at anytime, without penalty.
For the defendant:
- 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.
Lake Los Angeles Bail Bond Store is here for both parties on the matter. Yes, overall we protect the people’s right to bail out of jail. But we also protect the rights of all our cosigners too.