What are the main differences between a professional and surety bondsman?
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A professional bondsman is a surety, required to have a security deposit
with the Commissioner
A surety bondsman works for a surety, an insurance company (insurer)
What are the two restrictions for persons prohibited from becoming bail bondsmen or
runners?
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, Shall not act as an agent for any bail bond company or bail bondsman
Shall not have any financial interest, directly or indirectly, in any bail bond
business
Who are the parties of a bail bond contract?
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Defendant
Surety
State
How many documents must an applicant provide to show proof of residency?
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At least two
What are the requirements for holding cash, check, or other negotiable instruments as
collateral?
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It must be held in a trust account in a North Carolina bank
It must be held in a non-interest bearing trust account
It must be held separate from any other personal or business account
The trust account is for funds collected as collateral on bail bonds only
The trust account funds cannot be commingled with any other funds
, The collateral must be deposited in the trust account within 2 banking days
after receipt
What is the definition of insurer?
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Any domestic, foreign, or alien surety company qualified generally to
transact surety
business and specifically to transact bail bond business in this State
What are the seven reasons a defendant can be surrendered without return of the
bond premium?
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Fails to pay the premium or premium payment
Changes address without notifying surety of change
Physically hide from surety
Leaves the State without permission of surety
Violates any order of the court
Fails to disclose or provides false information regarding court matters
Provides incorrect or false personal identification information
What are the seven reasons to have a forfeiture set aside?
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, The defendant's failure to appear has been set aside by the court and any
order for arrest for that failure to appear has been recalled
All charges for which the defendant was bonded to appear have been
disposed of other than the State taking a dismissal with leave
The defendant has been surrendered by the surety
The defendant has been served with an order for arrest for the failure to
appear in question
The defendant died before the final judgment date
The defendant was incarcerated in a unit of the Department of Corrections
and is serving a sentence or in unit of the Federal Bureau of Prisons located
within the borders of the state at the time of the failure to appear
The defendant was incarcerated in a local, state, or federal detention
center, jail, or prison located anywhere within the borders of the U.S. at the
time of the failure to appear
What would the court order as sanction for not signing the forfeiture motion?
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25% of the face amount of the bond
If bail is reduced after the bond is posted, do you have to return any of the premium?
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NO
What are the three types of sureties?
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A professional bondsman is a surety, required to have a security deposit
with the Commissioner
A surety bondsman works for a surety, an insurance company (insurer)
What are the two restrictions for persons prohibited from becoming bail bondsmen or
runners?
Give this one a try later!
, Shall not act as an agent for any bail bond company or bail bondsman
Shall not have any financial interest, directly or indirectly, in any bail bond
business
Who are the parties of a bail bond contract?
Give this one a try later!
Defendant
Surety
State
How many documents must an applicant provide to show proof of residency?
Give this one a try later!
At least two
What are the requirements for holding cash, check, or other negotiable instruments as
collateral?
Give this one a try later!
It must be held in a trust account in a North Carolina bank
It must be held in a non-interest bearing trust account
It must be held separate from any other personal or business account
The trust account is for funds collected as collateral on bail bonds only
The trust account funds cannot be commingled with any other funds
, The collateral must be deposited in the trust account within 2 banking days
after receipt
What is the definition of insurer?
Give this one a try later!
Any domestic, foreign, or alien surety company qualified generally to
transact surety
business and specifically to transact bail bond business in this State
What are the seven reasons a defendant can be surrendered without return of the
bond premium?
Give this one a try later!
Fails to pay the premium or premium payment
Changes address without notifying surety of change
Physically hide from surety
Leaves the State without permission of surety
Violates any order of the court
Fails to disclose or provides false information regarding court matters
Provides incorrect or false personal identification information
What are the seven reasons to have a forfeiture set aside?
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, The defendant's failure to appear has been set aside by the court and any
order for arrest for that failure to appear has been recalled
All charges for which the defendant was bonded to appear have been
disposed of other than the State taking a dismissal with leave
The defendant has been surrendered by the surety
The defendant has been served with an order for arrest for the failure to
appear in question
The defendant died before the final judgment date
The defendant was incarcerated in a unit of the Department of Corrections
and is serving a sentence or in unit of the Federal Bureau of Prisons located
within the borders of the state at the time of the failure to appear
The defendant was incarcerated in a local, state, or federal detention
center, jail, or prison located anywhere within the borders of the U.S. at the
time of the failure to appear
What would the court order as sanction for not signing the forfeiture motion?
Give this one a try later!
25% of the face amount of the bond
If bail is reduced after the bond is posted, do you have to return any of the premium?
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NO
What are the three types of sureties?
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