A surety agent is someone who ensures that a bond repayment is met. A “bond” is another word for a “company that provides a loan”. So in the case of bail bonds, someone who offers a loan and then is responsible for collecting it is a “surety agent”.
How Does A Surety Bail Bond Work?
A surety bail bond is a signed agreement between a person and a bonding company (loan company) that allows a defendant to pay only a portion, usually 10%, of the total amount of bail money owed to a court in order to stay out of jail until the court date.