Bail bondsman Exam Questions and Answers
(Verified Solutions) (Latest 2023) GRADED A+
Security required (monetary amount) for the release of a person from jail -
correct answers ✅Bail
Obligation for the amount of bail by the person who signs the bond - correct
answers ✅Bond
Not a licensed bail bondsman but uses value or property to get someone out
of jail. THis person can not take money - correct answers
✅Accommodation bondsman
Undertaking by the principal to appear in court as required upon penalty of
forfeiting bail to the state in a stated amount - correct answers ✅Bail bond
Unsecured bond
Premium secured
Cash deposit-full amount of the bond`
Mortgage
Least one solvent surety- 2 or more persons can combine incomes - correct
answers ✅What are the ways a person can promise to be in court
,Bail bondsman Exam Questions and Answers
(Verified Solutions) (Latest 2023) GRADED A+
Any domestic, foreign, or alien surety company which has qualified generally
to transact bail bond business in this state - correct answers ✅Insurer
Principal or surety on a bail bond - correct answers ✅Obliged
Defendant or witness obligated to appear in court - correct answers
✅Principal
Who lives in the state for 6 consecutive months - correct answers
✅Resident
A person employed by a professional bondsman for the purpose of assisting
the bail bondsman in presenting the defendant in court or executing bonds
on behalf of the licensed bondsman when the power of attorney has been
recorded. - correct answers ✅Runner
One who with the principal is liable for the amount of the bail bond upon
forfeiture of the bail. - correct answers ✅Surety
,Bail bondsman Exam Questions and Answers
(Verified Solutions) (Latest 2023) GRADED A+
Something else the bondsman holds besides the 15% premium - correct
answers ✅Collateral
Protect the bondsman from loss in the event of a forfeiture - correct
answers ✅What is the purpose of collateral
Money or negotiable instrument
Personal property, cars, etc (moveable)
Real property, houses, buildings (nonmoveable)
Indemnity agreements, a civil contract basically a promissory note - correct
answers ✅What are types of collateral
Up to 100% of the bond - correct answers ✅How much collateral can a
bondsman take
trust account in NC bank
Separate from personal or business account
Trust account funds shall be funds collected as collateral on bail bonds only
, Bail bondsman Exam Questions and Answers
(Verified Solutions) (Latest 2023) GRADED A+
The trust account funds are not to be commingled with other funds
The collateral funds must be deposited in trust account within 2 banking
days after receipt - correct answers ✅Where must collateral be stored
Bondsman is liable for any damages
Must be returned in the same condition
Bondsman using collateral other than paying forfeiture may be held civil and
criminally liable - correct answers ✅How is property collateral stored
In the same condition it was received in.
WIthin 15 days.
Failure to return collateral can lead to revoked license
Failure to return collateral in excess of $1500 can lead to criminal charges -
correct answers ✅How should collateral be returned
150 days - correct answers ✅How long does the surety have to return the
principal
1)FTA been set aside by the court and order for arrest has been recalled
(Verified Solutions) (Latest 2023) GRADED A+
Security required (monetary amount) for the release of a person from jail -
correct answers ✅Bail
Obligation for the amount of bail by the person who signs the bond - correct
answers ✅Bond
Not a licensed bail bondsman but uses value or property to get someone out
of jail. THis person can not take money - correct answers
✅Accommodation bondsman
Undertaking by the principal to appear in court as required upon penalty of
forfeiting bail to the state in a stated amount - correct answers ✅Bail bond
Unsecured bond
Premium secured
Cash deposit-full amount of the bond`
Mortgage
Least one solvent surety- 2 or more persons can combine incomes - correct
answers ✅What are the ways a person can promise to be in court
,Bail bondsman Exam Questions and Answers
(Verified Solutions) (Latest 2023) GRADED A+
Any domestic, foreign, or alien surety company which has qualified generally
to transact bail bond business in this state - correct answers ✅Insurer
Principal or surety on a bail bond - correct answers ✅Obliged
Defendant or witness obligated to appear in court - correct answers
✅Principal
Who lives in the state for 6 consecutive months - correct answers
✅Resident
A person employed by a professional bondsman for the purpose of assisting
the bail bondsman in presenting the defendant in court or executing bonds
on behalf of the licensed bondsman when the power of attorney has been
recorded. - correct answers ✅Runner
One who with the principal is liable for the amount of the bail bond upon
forfeiture of the bail. - correct answers ✅Surety
,Bail bondsman Exam Questions and Answers
(Verified Solutions) (Latest 2023) GRADED A+
Something else the bondsman holds besides the 15% premium - correct
answers ✅Collateral
Protect the bondsman from loss in the event of a forfeiture - correct
answers ✅What is the purpose of collateral
Money or negotiable instrument
Personal property, cars, etc (moveable)
Real property, houses, buildings (nonmoveable)
Indemnity agreements, a civil contract basically a promissory note - correct
answers ✅What are types of collateral
Up to 100% of the bond - correct answers ✅How much collateral can a
bondsman take
trust account in NC bank
Separate from personal or business account
Trust account funds shall be funds collected as collateral on bail bonds only
, Bail bondsman Exam Questions and Answers
(Verified Solutions) (Latest 2023) GRADED A+
The trust account funds are not to be commingled with other funds
The collateral funds must be deposited in trust account within 2 banking
days after receipt - correct answers ✅Where must collateral be stored
Bondsman is liable for any damages
Must be returned in the same condition
Bondsman using collateral other than paying forfeiture may be held civil and
criminally liable - correct answers ✅How is property collateral stored
In the same condition it was received in.
WIthin 15 days.
Failure to return collateral can lead to revoked license
Failure to return collateral in excess of $1500 can lead to criminal charges -
correct answers ✅How should collateral be returned
150 days - correct answers ✅How long does the surety have to return the
principal
1)FTA been set aside by the court and order for arrest has been recalled
