AND STRUCTURED BAIL BOND INDUSTRY
OVERVIEW GUIDE
◉ Qualification Bond Amount. Answer: $30,000
◉ Refund of Bond. Answer: If the defendant is found and
surrendered within 18 months of the Final Judgement.
◉ Estate Representative Action. Answer: They can contract with
another professional, soliciting, or bail enforcement agent to assist
him in closing the outstanding liability.
◉ Non-Licensable Workers. Answer: Any person that is not
licensable.
◉ Professional Agent Fee. Answer: $100
◉ Soliciting Agent Fee. Answer: $40
◉ Bail Enforcement Agent Fee. Answer: $40
,◉ Bail Definition. Answer: Property or money given as surety that a
person released from custody will return at an appointed time.
◉ Bail Bond Definition. Answer: A formal document that gives bail
for someone to be released from custody.
◉ Bond Definition. Answer: Something that binds, fastens, confines,
or holds together. Binds a person or persons to a certain
circumstance or line of behavior.
◉ Capital Offense Definition. Answer: A crime, such as murder or
betrayal of one's country, that is treated so seriously that death may
be considered an appropriate punishment.
◉ Acquit Definition. Answer: To relieve from a charge of fault or a
crime; declare not guilty.
◉ Annual Financial Statement. Answer: An annual financial
statement, due by June 1, each year.
◉ Office Requirement. Answer: A professional bail agent must have
at least 1 office located in the state of Mississippi.
◉ Bond Registration Database. Answer: Msbondsource.com
, ◉ Bond Input Deadline. Answer: All bonds must be put in the system
by the 15th of the month following being written.
◉ Commissioner Grounds for Refusal. Answer: Material
misstatement, misrepresentation or fraud. Willful failure to comply
with or violation of any provision of Ms. Code 83-39 or any court.
Conviction of a felony or crime involving moral turpitude. Being
elected as a law enforcement or judicial official. Engaging in the
practice of law. Giving legal advice or a legal opinion in any form.
Acting as or impersonating a bail agent without a license. Use of any
other trade names that what is submitted on a license application to
the department.
◉ Defendant Definition. Answer: A person, company, etc., against
whom a claim or charge is bought in a court.
◉ Habeas Corpus. Answer: Latin 'Have the body'
◉ Suretyship. Answer: The relationship between the surety, the
principal debtor, and the creditor.
◉ Court. Answer: A place where justice is administered. A judicial
tribunal duly constituted for the hearing and determination of cases.