If you have been involved in getting a bail bond for someone, but suddenly have a desire to cancel the bond, there are a few steps to take. First of all, the bail bond may either be canceled by you or the bail bond company for a variety of reasons. You should become familiar with the ways a bond can be canceled and exactly how to go about it.
Why a Co-Signer Cancels a Bail Bond
The reason a bail bond is canceled is because the co-signer decides to opt out. There are a lot of reasons someone no longer wants to have their name on the paperwork of someone released from jail, but the financial obligation and responsibility they have is often the main reason. If you co-signed a bail bond, you are now financially responsible for it. If the person who was released fails to make their court appearances and the bond goes untouched, you will have to pay it back. If you put down your house or car as collateral, you could lose it. But you aren’t tied into it permanently; you still have a chance to back out of the contract.
Why the Bond Company Cancels the Bail Bond
The bail bond might also be canceled by the bond company, in which there isn’t much you can or need to do. This is most often because of more serious or multiple crimes the person is suddenly being accused of, and no longer want to be responsible for this person. If this happens, you will no longer be liable for the cost of the bail, but they will probably have to go back into jail unless the bail is paid another way.
How to Cancel a Bail Bond
If you are the one who wants out of the bond, the first thing to do is to contact the bonding company. Schedule a time to meet them and fill out the appropriate paperwork. They will want a valid reason for why you want to back out of the bond, so have that ready. This may be from other criminal charges, financial insecurity or the person being a flight risk. Whatever it is, be honest with the bond company. You will need to provide documentation and identification to prove you are the person who signed the bond in the first place.
You should also provide the bonding company as much information as you can about the person who was released from jail. This includes their current physical descriptions, names and numbers of any of their friends, relatives or people they have been in contact with, and the last location you knew about. It can take up to 7 days for the bonding contract to be completely canceled and for your name to be removed.
It is important you understand that once the bond is canceled, this individual must return to jail. Think about your reasons of backing out of the bail bond contract fully.