Q: What is a bailbond?
A: Bailbond is two parts:
Bail – a security required (monetary amount) for the release of a person from jail.
Bond – an obligation for the amount of bail by the person who signs the bond.
A bailbond/bailbondsman is a person, agency, or corporation that will pledge will pledge money or property as bail for an accused person to appear in court.
Q: What is required for a bailbond?
A: There are four things required for a bailbond other than a bailbondsman.
- Money (premium)/collateral
- Cosigner (also known as the idemnitor)
Q: Why Could My Bond Be Surrendered?
A: 7 reasons for a bailbondsman to surrender or (come off the bond). For this, surety and bailbondsman are interchangeable.
- Defendant leaves the state without permission
- Violates any court order
- Physically hides from surety in any way
- Willfully fails to pay the full premium
- Fails to make premium payment as agreed
- Defendant changes his/her address without notifying surety prior to the move
- Provides any false information including: false names, aliases, past convictions, or pending charges.