What is The Role of An Indemnitor While Securing A Bail Bond? |
Posted: January 4, 2023 |
A bail bond is an excellent legal recourse for people who have been arrested. If a magistrate approves bail, the defendant can get out of jail and return home while they prepare for trial. A bail bond, secured against a stipulated sum, guarantees that the defendant will attend all hearings and adhere to court-prescribed rules. If a defendant is from North Carolina, they can consult a bail bond company in NC to streamline this process. Professional bail bond agents offer flexible payment options and post bail on behalf of a defendant. Bail bond agents can help defendants secure faster release and simplify this harrowing experience for their family and friends. Bail bond agents often work with an Indemnitor while posting bail for a defendant. Who is the Indemnitor? What is their role? Let's break it down!
Who Is an Indemnitor? An Indemnitor, also known as a co-signer, is the person who takes responsibility for the bail bond on the defendant's behalf. They enter into a formal agreement with the bail bond company and agree to pay the full bail amount to the firm if the defendant skips bail. The Indemnitor is also required to pay the fee charged by the bail bondsman. They can have a separate agreement with the defendant about getting paid back. However, indemnitors are financially liable if the defendant is not compliantand the bond posted is forfeited.
Responsibilities of the Indemnitor When Co-Signing a Bail Bond An Indemnitor has the following responsibilities:
For More Details: https://bailbondsraleighnc.blogspot.com/2023/01/what-is-role-of-indemnitor-while.html
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