You Guarantee a bail bond:
When you sign on a bail bond you become an Indemnitor.
An Indemnitor signs an indemnity agreement.
A signer guarantees through indemnity agreements and promissory notes that the Defendant will appear in court each and every time they are ordered by the courts to do so.
What is Indemnity:
Indemnity is a contractual obligation of one party to compensate the loss occurred to the other party due to the act of the indemnitor or any other party. In contrast, a guarantee is an obligation of one party assuring the other party that guarantor will perform the promise of the third party if it defaults.
- a good job
- checking account
- own their own home
- have roots and ties in the community and
- be willing to GUARANTEE the Defendant will go to court and/or aide in the re-arrest of a Defendant to satisfy a forfeited bond in the event of a missed court date.
When you sign on a bail bond, regardless of what a bondsman tells you, you are guaranteeing the payment of that bond in full in the event the defendant FTA (fails to appear) in court.
Things you should consider before signing on a bond:
1.) How long have you known the Defendant? Court Cases can take months, sometimes even years. You will be responsible for the entire bond throughout the duration of the case.
2.) Do you expect to know the Defendant in a year from now?
3.) Are you willing to pay the full amount of the bond if the Defendant fails to appear for court?
4.) Are you willing to protect your money and turn a Defendant in to release you from the responsibility of the bond?