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Posting a bail bond involves a meeting with a bail agent, filling out an application and the signing of a contract by the co-signer. The contract is a financial guarantee to Tennessee Bonding Company from the co-signer. The bail bond is a financial guarantee to the court from Tennessee Bonding Company. The contract and the bail bond guarantee the defendant will appear in court each and every time the court orders.
After an agreement is reached between the bail agent and the co-signer and all fees are paid, the bail agent physically posts a bail bond for the full bond amount with the jail or court. The defendant is released on bond and given a date and location to appear in court.
For this service Tennessee Bonding Company charges a premium (typically 10% of the full bail amount). A service charge of no more than $25.00 and a Tennessee bail tax of $12.00 are added to the total. In addition, depending on the individual circumstances, the bonding company may require physical collateral from the co-signer. This collateral may be used as payment to the bonding company if the defendant misses court.
If the defendant fails to appear in court, call Tennessee Bonding Company. There is a narrow window of opportunity to avoid paying additional charges. The co-signer is responsible for paying the full amount of the bail bond if the defendant cannot be located. The co-signer is responsible for all expenses incurred by Tennessee Bonding Company while looking for the defendant.
Note: It is very important the co-signer feels confident the defendant will appear in all of their court appearances or posting a bail bond is not recommended.