FL Bail Bonding TEST Exam Questions And Answers Verified 100% Correct

FL Bail Bonding TEST Exam Questions And Answers Verified 100% Correct Who may approve and accept a Bail Bond? - ANSWER The Sheriff or the committing magistrate Who may approve and accept an Appeal Bond? - ANSWER The Clerk of the Trial Court What other fee may a bondsman accept in addition to premium? - ANSWER A transfer fee of up to $100 per defendant What if the most a transfer fee can be? - ANSWER $100 per defendant What if the percentage of premium on a Federal Bond? - ANSWER 15% For what 5 reasons may a bondsman surrender a defendant without returning the premium? - ANSWER If the defendant leaves the jurisdiction of the court If the defendant moves or changes addresses without notifying the surety Any action by the defendant that constitute reasonable evidence of their intent to forfeit the bond If the defendant is arrested for any other offenses except minor traffic violations It the defendant makes material false statements in the bond application For what 2 reasons must the premium be returned? - ANSWER If it is found that the defendant doesnt fall under the jurisdiction of the court to which the bond was written If the defendant is surrendered back to the jail by the surety but hasn't violated the contract What information must be shown on a premium receipt? - ANSWER - date - Name of the principal - Amount of funds received - Purpose of said funds - Power number - Name of the person making the payment Name the only two essential elements of a bond contract - ANSWER The place of appearance & the amount of the Bond Felony - ANSWER A crime punishable by death or a term of years in prison Misdemeanor - ANSWER A crime punishable by a fine or a term of less than one year Indictment - ANSWER A true bill of a grand jury Information - ANSWER Written accusation by a state attorney Indemnity - ANSWER Obligation of one person to make good the losses of another Affidavit - ANSWER Sworn statement Estreat - ANSWER Process of calling on the surety to produce the defendant before the court Collateral - ANSWER Something of value given or promised as security for a bond Name the four courts in the Florida Judicial system - ANSWER Florida Supreme Court District Courts of Appeal Circuit Courts County Courts Which Court has original jurisdiction over Felonies? - ANSWER Circuit Court Which court has original jurisdiction over misdemeanors? - ANSWER County Court What official must send notice to the surety of a required court appearance? - ANSWER the Clerk of Court For what three reasons may a forfeiture be discharged within 60 days? - ANSWER Extinuating circumstances beyond the defendants control that prevented them from appearing If the defendant is incarcerated at the time of the required appearance If the defendant if surrendered or arrested before enough time passes to delay the proper prosecution of the defendant Who may arrest a defendant who is on bail for the purpose of surrending them? - ANSWER Any law enforcement officer The bondman Any agent under the same surety as the bondsman Nolle Prosequi or Nolle Pross - ANSWER "Unwilling to prosecute" usually due to lack of evidence What percentage of the bond payment is recoverable through remission after 90 days? - ANSWER 100% How much notice must the Clerk of Court give of a required court appearance? - ANSWER 72 hours What percentage of the bond payment is recoverable through remission after 180 days? - ANSWER 95% What percentage of the bond payment is recoverable through remission after 270 days? - ANSWER 90% What percentage of the bond payment is recoverable through remission after 1 year? - ANSWER 85% What percentage of the bond payment is recoverable through remission after 2 years? - ANSWER 50% Breach - ANSWER Failure to perform as agreed Jurisdiction - ANSWER The ability of the court to hear a case Vacate - ANSWER Set Aside / Render void Exonerate - ANSWER Release from duty or obligation Liability - ANSWER Obligation that must be performed Adjudicate - ANSWER to decide a matter based on evidence Disposition - ANSWER Final settlement Judgement - ANSWER Court order for payment What types of collateral may be accepted on bonds of over $50000? - ANSWER Stock in closed corporations Patents, copyrights or trademarks additionally, collateral must also always include a promissory note, indemnity agreement &/or a real property mortgage In whos name must the collateral be taken? - ANSWER the suretys name, with the bondsman as the fiduciary How must cash collateral be held? - ANSWER Under $5000 must be held in an account separate from any other funds belonging to the surety company or the bondsman. OVER $5000 must be held by the surety What is the term (length) of an indemnity contract? - ANSWER Indefinite