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Who Is Responsible
When you co-sign for a bond, you are legally responsible for the outstanding amount of
the bond in its entirety. You become responsible at the time you sign the financial
agreement with the bonding agent. The bonding agent is licensed by the Ohio
Department of Insurance.
The co-signer holds a lot of responsibility when entering an agreement with the bail
agent, in that if the defendant fails to appear, the cosigner is immediately responsible
for the full amount of the bail. If the defendant fails to appear, more expenses are
incurred by the bonding company as well as the defendant and co-signer. All of the
expenses incurred are passed on to the co-signer. Also, if the bail agent searches for
and then finds the defendant, the cosigner is again responsible for all expenses the
bail agent has incurred in the process.
The co-signer is held responsible for the entire amount of the bond. As an example: If
you are signing for a 10,000 dollar bond, and the defendant fails to appear for their
court date, the co-signer may have to pay the entire 10,000 dollars. You may have to
supply collateral to the bonding agent to cover the value of the bond. If the defendant
runs and the co-signer is held liable, the bonding company has the legal right to seize
any property posted as collateral for the defendant.
When you co-sign for a bond, you are legally responsible for the outstanding amount of
the bond in its entirety. You become responsible at the time you sign the financial
agreement with the bonding agent. The bonding agent is licensed by the Ohio
Department of Insurance.
The co-signer holds a lot of responsibility when entering an agreement with the bail
agent, in that if the defendant fails to appear, the cosigner is immediately responsible
for the full amount of the bail. If the defendant fails to appear, more expenses are
incurred by the bonding company as well as the defendant and co-signer. All of the
expenses incurred are passed on to the co-signer. Also, if the bail agent searches for
and then finds the defendant, the cosigner is again responsible for all expenses the
bail agent has incurred in the process.
The co-signer is held responsible for the entire amount of the bond. As an example: If
you are signing for a 10,000 dollar bond, and the defendant fails to appear for their
court date, the co-signer may have to pay the entire 10,000 dollars. You may have to
supply collateral to the bonding agent to cover the value of the bond. If the defendant
runs and the co-signer is held liable, the bonding company has the legal right to seize
any property posted as collateral for the defendant.