Surety bonds can mean a lot of different things to a lot of different people, depending on the industry. In this article, we’ll be discussing the role of surety bonds in the legal system.
Regardless of the setting, a surety bond is an agreement between three parties: the principal, the obligee, and the security. For our purposes, a surety bond is when someone accepts responsibility for another person who has been accused of committing a crime.
What’s the Purpose of a Surety Bond?
Speaking specifically to legal instances, surety bonds ensure that individuals who are charged with a crime and released on bail follow through with their court proceedings and honor the conditions of their bail. That means showing up to all trial dates and being present and on time for any regular check-ins they may have with law enforcement officials.
If any conditions of the surety bond are not met, the surety can potentially lose the bond they put up with the contingency that the accused will pay them back. It’s also encouraged that individuals who have secured surety bonds try to prevent ever allowing a surety to lose the bond. As a repercussion, a surety bond may not be an option if that accused is arrested again in the future.
What Sureties Should Know
Being a surety for someone accused of a crime is a very serious commitment. If you’re acting as anyone’s surety, make sure you are speaking with lawyers and others in the legal profession so you clearly understand your duties.
It is also encouraged that if you do take on this responsibility that you are able to monitor the person you are responsible for within the same community they reside. You stand to lose a lot if things don’t go as they should and the person for whom you have taken on this responsibility finds themselves in trouble with the law once again.
And remember, this can be a long process, but as a surety, you are required to maintain that title until the conclusion of the trial; some cases take months or possibly even longer. Knowing the details of your agreement is the most crucial aspect of this process.
The experts at PCS Bail Bonds have seen both sides of these situations, including instances where the accused does not follow their conditions and needs to be sent back to jail. Unfortunately, we’ve also seen more than one surety lose their bond; that’s why we strongly educate all parties on the significance of the agreement they are entering into.
Getting the right information from the very beginning of the surety process is the best way to minimize risks and get a full grasp of what is expected of everyone involved. Check the PCS Bail Bonds web site for more information on the overall bail bond process.