NC Bail Bondsman Exam Questions Answers Verified
100% Correct
A license is not required by a:
A) person who assists a professional bondsman in running an office
B) surety bondsman
C) runner
D) professional Bondsman - ANSWER A) a person who assists a professional
bondsman in running an office
A first year licensee applying for a runner's license will be supervised by?
A) An accommodation bondsman
B) A Professional Bondsman
C) The commissioner of insurance
D) Surety Bondsman - ANSWER B) A Professional Bondsman
A first year licensee applying for a surety bondsman's license is supervised by?
A) An Accommodation Bondsman
B) A Surety Bondsman
C) A Professional Bondsman
D) NC Bail Agents Association - ANSWER B) A Surety Bondsman
The paperwork showing the charge and the time and location to appear in court is
called?
A) Conditions of Release
B) Arresting Officer's Report
C) Proceedings of Arraignment
D) Appearance Bond - ANSWER A) Conditions of Release
For the release of a defendant the "conditions of release" information is transferred to?
A) The Appearance Bond
B) Certification of Bond
C) Nature and value of collateral
D) License numbers of all bondsman and runners affiliated. - ANSWER A) The
Appearance Bond.
Your are not required to fill out the bond affidavit is you are a:
A) Professional bondsman
B) Accommodation Bondsman
C) Surety bondsman
D) Runner - ANSWER B) Accommodation Bondsman
,The required "identifying information" on a bond does not include:
A) name and mailing address of defendant
B) name and mailing address of accommodation bondsman (if applicable)
C) name and license number of the professional bondsman (if applicable)
D) address and phone number of bondsman office - ANSWER D) address and phone
number of bondsman office
The person who is not legally responsible to the state if the defendant skips is the
A) Professional bondsman
B) Surety Bondsman
C) Accommodation bondsman
D) Insurer (insurance company) - ANSWER B) Surety Bondsman
The maximum bail bond premium that can be charged is
A) 15% of the face amount of the bond
B) 20% of the face amount of the bond
C) 10% of the face amount of the bond
D) 25% of the face amount of the bond - ANSWER A) 15% of the face amount of the
bond
The minimum bail bond premium that can be charged is:
A) 15% of the face amount of the bond
B) 5% of the face amount of the bond
C) 3% of the face amount of the bond
D) 0% of the face amount of the bond - ANSWER D) 0% of the face amount of the
bond
If other than money is taken as bond premium, what is the requirement for the value of
that item?
A) The value of the item must be reasonable in relation to the premium charged.
B) The value must be determined by a registered appraiser
C) The value of the item cannot be more than 125% in relation to the premium charged
D) Foreign currencies must be escrowed by an international bank until disposition of
the case - ANSWER A) The value of the item must be reasonable in relation to the
premium charged.
After filling out the front of the appearance bond, what must a bondsman do to complete
the bond?
A) Fill out the affidavit on the back of the appearance bond
B) Attach professional bondsman's certification seal or surety bondsman's qualifying
power
C) A and B above.
,D) Fill out NC form 1009-B, Value of Non- currency collateral - ANSWER C) A and B
above.
If a bond is written on credit or partial credit what form must be filled out?
A) Memorandum of Agreement
B) UCC Certified Promissory Note
C) Notarize Affidavit of Indebtedness
D) Federal Form 4334, Bail Bond Promissory Agreement - ANSWER A) Memorandum
of Agreement
How many days does a licensee have to appeal a former insurer's notice of not
discharging affidavit of surety?
A) 5 days
B) 10 days
C) 20 days
D) 30 days - ANSWER B) 10 Days
The bond affidavit provides information on
what?
A) Premium and
Collateral
B) Premium and Interest
Rate
C) collateral and Description of
Charges
d) premium - ANSWER A) Premium and
Collateral
If collateral is taken which form is the information about the collateral listen on?
a) the collateral itemization receipt
b) The bond affidavit on the back of the appearance bond
c) the list of collateral on the front of the appearance bond
d) it isnt necessary to list the collateral - ANSWER b) The bond affidavit on the back of
the appearance bond
If any premium is received, a bondsman must give them?
a) a certificate of indemnity
b) a certified true copy of the bond
c) 2 copies of the bond affidavit
d) a receipt - ANSWER d) A receipt
Is a bondsman required to provide a receipt for collateral received on a bond?
a) Yes, always
, b) only if the value exceeds $1,000
c) no
d) only in certain cases - ANSWER a) Yes, always
What are the requirements for a receipt?
a) Pre-numbered by a printer, used and filed consecutive numbers.
b) Show name and address of the bail bondsman, the defendants name, the amount
and date paid, and the name of the person accepting the payment.
c) Show the total amount of the bond for which the fee is being charged.
d) all of the above - ANSWER d) all of the above
If collateral is taken, what things are to be recorded on the bond affidavit?
a) name of the person from whom the collateral was received
b) Nature and value of the collateral
c) location of collateral
d) a and b
e) a, b, and c - ANSWER d) a and b
If collateral is taken, what is required on the receipt?
a) A written, detailed description of the collateral received, who posted it and its value.
b) description, value, and defendant's name
c) full description and location of the collateral
d) description of any other liens or judgements on the collateral - ANSWER a) A
written, detailed description of the collateral received, who posted it and its value.
The requirement for holding non
cash collateral is?
a) It must be available for
inspection at all times
b) it must be clearly marked
and/or labeled
c) it must be maintained in the condition
in which it was received
d) all of the above - ANSWER c) it must be
maintained in the condition it was received
A collateral trust account is?
a) a bank account for cash collateral received on bail bonds
b) a bank account that can only be accessed by a licensed bondsman
c) an account that is co-administered by a license bondsman and a CPA
d) none of the above - ANSWER a) bank account for cash collateral received on bail
bonds.
100% Correct
A license is not required by a:
A) person who assists a professional bondsman in running an office
B) surety bondsman
C) runner
D) professional Bondsman - ANSWER A) a person who assists a professional
bondsman in running an office
A first year licensee applying for a runner's license will be supervised by?
A) An accommodation bondsman
B) A Professional Bondsman
C) The commissioner of insurance
D) Surety Bondsman - ANSWER B) A Professional Bondsman
A first year licensee applying for a surety bondsman's license is supervised by?
A) An Accommodation Bondsman
B) A Surety Bondsman
C) A Professional Bondsman
D) NC Bail Agents Association - ANSWER B) A Surety Bondsman
The paperwork showing the charge and the time and location to appear in court is
called?
A) Conditions of Release
B) Arresting Officer's Report
C) Proceedings of Arraignment
D) Appearance Bond - ANSWER A) Conditions of Release
For the release of a defendant the "conditions of release" information is transferred to?
A) The Appearance Bond
B) Certification of Bond
C) Nature and value of collateral
D) License numbers of all bondsman and runners affiliated. - ANSWER A) The
Appearance Bond.
Your are not required to fill out the bond affidavit is you are a:
A) Professional bondsman
B) Accommodation Bondsman
C) Surety bondsman
D) Runner - ANSWER B) Accommodation Bondsman
,The required "identifying information" on a bond does not include:
A) name and mailing address of defendant
B) name and mailing address of accommodation bondsman (if applicable)
C) name and license number of the professional bondsman (if applicable)
D) address and phone number of bondsman office - ANSWER D) address and phone
number of bondsman office
The person who is not legally responsible to the state if the defendant skips is the
A) Professional bondsman
B) Surety Bondsman
C) Accommodation bondsman
D) Insurer (insurance company) - ANSWER B) Surety Bondsman
The maximum bail bond premium that can be charged is
A) 15% of the face amount of the bond
B) 20% of the face amount of the bond
C) 10% of the face amount of the bond
D) 25% of the face amount of the bond - ANSWER A) 15% of the face amount of the
bond
The minimum bail bond premium that can be charged is:
A) 15% of the face amount of the bond
B) 5% of the face amount of the bond
C) 3% of the face amount of the bond
D) 0% of the face amount of the bond - ANSWER D) 0% of the face amount of the
bond
If other than money is taken as bond premium, what is the requirement for the value of
that item?
A) The value of the item must be reasonable in relation to the premium charged.
B) The value must be determined by a registered appraiser
C) The value of the item cannot be more than 125% in relation to the premium charged
D) Foreign currencies must be escrowed by an international bank until disposition of
the case - ANSWER A) The value of the item must be reasonable in relation to the
premium charged.
After filling out the front of the appearance bond, what must a bondsman do to complete
the bond?
A) Fill out the affidavit on the back of the appearance bond
B) Attach professional bondsman's certification seal or surety bondsman's qualifying
power
C) A and B above.
,D) Fill out NC form 1009-B, Value of Non- currency collateral - ANSWER C) A and B
above.
If a bond is written on credit or partial credit what form must be filled out?
A) Memorandum of Agreement
B) UCC Certified Promissory Note
C) Notarize Affidavit of Indebtedness
D) Federal Form 4334, Bail Bond Promissory Agreement - ANSWER A) Memorandum
of Agreement
How many days does a licensee have to appeal a former insurer's notice of not
discharging affidavit of surety?
A) 5 days
B) 10 days
C) 20 days
D) 30 days - ANSWER B) 10 Days
The bond affidavit provides information on
what?
A) Premium and
Collateral
B) Premium and Interest
Rate
C) collateral and Description of
Charges
d) premium - ANSWER A) Premium and
Collateral
If collateral is taken which form is the information about the collateral listen on?
a) the collateral itemization receipt
b) The bond affidavit on the back of the appearance bond
c) the list of collateral on the front of the appearance bond
d) it isnt necessary to list the collateral - ANSWER b) The bond affidavit on the back of
the appearance bond
If any premium is received, a bondsman must give them?
a) a certificate of indemnity
b) a certified true copy of the bond
c) 2 copies of the bond affidavit
d) a receipt - ANSWER d) A receipt
Is a bondsman required to provide a receipt for collateral received on a bond?
a) Yes, always
, b) only if the value exceeds $1,000
c) no
d) only in certain cases - ANSWER a) Yes, always
What are the requirements for a receipt?
a) Pre-numbered by a printer, used and filed consecutive numbers.
b) Show name and address of the bail bondsman, the defendants name, the amount
and date paid, and the name of the person accepting the payment.
c) Show the total amount of the bond for which the fee is being charged.
d) all of the above - ANSWER d) all of the above
If collateral is taken, what things are to be recorded on the bond affidavit?
a) name of the person from whom the collateral was received
b) Nature and value of the collateral
c) location of collateral
d) a and b
e) a, b, and c - ANSWER d) a and b
If collateral is taken, what is required on the receipt?
a) A written, detailed description of the collateral received, who posted it and its value.
b) description, value, and defendant's name
c) full description and location of the collateral
d) description of any other liens or judgements on the collateral - ANSWER a) A
written, detailed description of the collateral received, who posted it and its value.
The requirement for holding non
cash collateral is?
a) It must be available for
inspection at all times
b) it must be clearly marked
and/or labeled
c) it must be maintained in the condition
in which it was received
d) all of the above - ANSWER c) it must be
maintained in the condition it was received
A collateral trust account is?
a) a bank account for cash collateral received on bail bonds
b) a bank account that can only be accessed by a licensed bondsman
c) an account that is co-administered by a license bondsman and a CPA
d) none of the above - ANSWER a) bank account for cash collateral received on bail
bonds.
