Although those receiving a surety bond may primarily stay focused on their total cost and premiums, most people fail to recognize when the note is due. Knowing when your bail bond exonerated is an often-overlooked detail.
Once you bond formally ceases, you must come up with the entire payment amount. Read on to hear more about what your situation means for you.
What is Exoneration?
The typical person doesn’t necessarily learn any legal jargon outside of enjoying crime dramas. Its often not until they find themselves in handcuffs do they start trying to understand better.
It doesn’t help when terms begin carrying over into other areas. An “exonerated” defendant is one who has gotten cleared of all criminal charges.
A bail bond exonerated, on the other hand, just means it is no longer active. All agreements cease once a final sentence has gotten granted.
Ended Bonds are Not Convictions
Some may see an exonerated bond as a reward or punishment for an innocent or guilty conviction, respectively. However, all policies become absolved once their terms are no longer needed.
Everyone, guilty and innocent, has their bonds ended. The court only offers your sentencing, not the bond terms.
All bonds get written for a specified period and need. Once you receive a conviction, they all cease to remain in place and require payment.
Do I Need to Exonerate My Bond?
Virtually all bail bonds get exonerated automatically following a judge’s conviction. There might be a unique situation requiring some further action, but generally speaking, there is nothing further you must do to end it.
You should never leave any unpaid legal expenses up to assumptions, however. Always double check with your issuing provider, as well as the court, to make sure you have nothing left outstanding.
Why is My Bond Exonerated?
Your bail bond gets issued for one purpose, and that is to secure your release before your official hearing. Once your trial ends, there is no longer a need to keep your bond active.
It is at this point that your provider will expect payment in full, or per your agreed upon plan. Failure to pay them back will lead to even more legal troubles.
With your signed contract, a company can sue you for unpaid expenses, place a lien on any assets you still have, or even have you arrested.