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Understanding the Basics: What Is a Bail Bond Contract?


Bail Bond Contract
Bail Bonds



Understanding the Basics: What Is a Bail Bond Contract?



In this article Smith American Bail Bail Bonds gives you insight on what is a bail bond contract.


Bail Bond?

 A bail bond is an amount set by a judge. The bond amount that the judge set must be paid through a bail bondsman for the defendant to be released. The bond also ensures that the defendant will appear at all his or her court pre-trial or trial dates.

 

The legal term for someone who signs a surety bond?

The legal term for anyone who signs a bail bond also known as a surety bond is called the indemnitor.

 

 

 What is a bail bond contract?

A bail bond contract is an agreement between a bail bondsman and an individual known as the indemnitor that they agree by signing and paying the bond amount set by the court on behalf of the defendant that the defendant will comply with all bail bonding conditions and will show up at all his or her court dates. In most bail bonding contracts, many different bail bonding conditions differ from other bail bonding contracts. Most bail bondsman or bail bonding companies have their conditions and rules. The conditions that a bail bondsman may have in place can range from weekly phone check-ins, monthly phone check-ins, in-person check-ins, residential verification visits, GPS monitoring, and drug testing, and must appear at all court dates.


By signing the bail bond contract, you must understand that if the defendant fails to appear in court on a surety bond along with not complying with the bail bonding conditions the bail bondsman can revoke the bond through the court. If the bond is revoked, you know that you are responsible for the full bond amount. In some cases, depending on what US state, you reside in if the defendant is apprehended promptly the indemnitor can be released from the bond. Release on a bond must be authorized by a judge. If the contract between you and the bail bonds company has been violated, they will take you to civil court to sue you for the balance of the surety bond along with bail enforcement recovery fees. You should know that every state has different bail bonding fees so be sure to check with the state you reside in to verify all bail bond fees.

 

Why Bail bondsmen require a co-signer on a bail bond

Every bail bonds agency is different when it comes to a co-signer. When a bail bondsman requires a co-signer some of the factors that play a factor are lack of job history, residential history, criminal history defendant has previous multiple failure to appear warrants.


Can you go to jail if you signed on bond and the defendant skips bail?

The answer is no. However, if there is evidence that you are harboring a fugitive and the bail bondsman turns the evidence over to the courts it will be up to the judge and the prosecutor if they want to charge the indemnitor for harboring a fugitive.


 What are the qualifications to sign a bail bond contract?

Every state has different qualifications when it comes to posting bonds for someone. For example, Smith American Bail Bonds in Indianapolis Indiana require that you are 18 years or older, have a valid United States I.D., are employed a minimum of three months, and pay an 8% or 10% premium on the total bond amount. Must complete indemnitor contract and all contract documents that are required.


Why you should choose Smith American Bail Bonds for your bail bond contract

The reason you should choose Smith American Bail Bonds for your bail bonds contract is because they are known to be fast, affordable, and very informative when it comes to the bail bond contract. Smith American Bail Bonds don't have small print hidden clauses in their bail bonding contracts to deter you in the wrong direction in the event the defendant fails to appear. Smith American Bail Bonds wants you to fully understand what you are getting into before you take on any liabilities. Smith American Bail Bonds hold their bail bonding contract to a high standard not only to protect the bail bond agency but also to protect society and the indemnitor so that they don't become a victim of their bail bond contract and face civil lawsuits because of a forfeited bond.

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