A bail bond co-signer has numerous responsibilities which can bear a significant financial burden. If he or she finds the risks to be too high, he or she can surrender the bond. The process is a bit lengthy, but the co-signer will benefit by abandoning the bond if his/her risks are too high. This article provides information on surrendering with a bail bonds company.
If the co-signer has second thoughts about the financial risks involved in guaranteeing the defendant’s return for all court hearings, he/she can start the process of surrendering the bond. But the defendant shouldn’t have missed a court date for this purpose. The surrendering process will include all expenses up to now as well as the costs involved in returning the defendant to jail. The co-signer should meet with the particular bail bond company to surrender the bond. The company may ask for certain documentation to cancel the bond and ask for the reason for doing so. If a property has been kept to secure the bond, the release of any liens will follow the surrendering process. The co-signer will also provide information on the defendant’s whereabouts so that the company can return the defendant to prison.
It is not mandatory for the co-signer to advise the defendant of the situation when he/she decides to surrender the bond. But if notice is provided to the respondent he/she can find a second co-signer easily to pay the fees and sign a new contract. This helps reduce the time in prison for the defendant. The company has to return the defendant to prison to complete the surrendering of the bond. In fact, the co-signer is responsible for all the expenses relating to the surrendering of the bond. This read offers information on surrendering a bail bond.