FL Bail Bonds Questions & Answers 100% Correct(SCORED A+)

Which two Florida Statutes govern the bail bond industry? - ANSWERChapter 648 and 903 Which Governmental agency or department governs the bail bond industry in the state of Florida? - ANSWERFlorida Department of Financial Services The Records of all Bail Bond written in this state must be made available within how many hours after being requested by the state? - ANSWER48 hours What types of action can the department take against an agents bail bond license? ( 4 types) - ANSWERFine-Probation-suspension-Revoke What is a daily bond register? - ANSWERThe power registry-Daily log of powers used-Itemized list to count What must be held in an individual file or envelope for each principal for whom a bail bond has been executed? - ANSWERPower- Appearance Bond-premium receipt-Collateral receipt-promissory note-indemnity agreement-disclosure notice-Application/Contract-Discharge What is considered to be reasonable business hours - ANSWER8 hours a day 5 days a week (Between the hours of 8am and 6pm) Explain what is acceptable as it pertains to the branch office of a bail agency's entrance and sign? - ANSWERBusiness name and address you have filed with the department. How and whom must an agent notify if there has been a change in address, telephone number or name and what is the time frame allowed? - ANSWERThe Department-The