Complete Real Exam Questions And Correct Answers
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What is the requirement for holding collateral such as personal
or real property? - ANSWER-It must be maintained and returned
in the same condition in which is what received
What must a bondsman do with collateral if bail is reduced
after the bond was
posted - ANSWER-Collateral must be reduced to the reduced
liability and any
excess shall be
returned
Execute written amendment to bond affidavit with details of the
modification of
collateral
Furnish the principal and person furnishing collateral or
premium a copy of
amendment
Keep copy of amendment on file in office of the bondsman
,If bail is reduced after the bond is posted, do you have to
return any of the
premium? -
ANSWER-NO
What must collateral be returned? - ANSWER-Within 15
days after final
termination of liability on
the bond
What is the requirement of returning collateral other than
cash? - ANSWER-It
must be returned in the same condition as requested and
received by the
Bondsman
What will a bondsman be guilty of if he or she fails to return
collateral that
exceeds $1,500? - ANSWER-Class I
Felony
When can a bondsman keep collateral for unpaid premiums or
other expenses
incurred on a bond? - ANSWER-
NEVER!!!!!
What are the only two things a bondsman can do with collateral
- ANSWER-Pay
,the bond or give it
back
What is required to be printed on all agreements and contract
with defendants
or anyone on behalf of the defendant? - ANSWER-A form
number and license
number of the
bondsman
What must a bondsman have before using any agreement
or contract with
defendants or anyone on behalf of the defendant? - ANSWER-
Approval of DOI
What is the first rule in filling out the defendants information
card? - ANSWER-
You can never get too much
information
What happens to all fines and forfeitures paid in court cases? -
ANSWER-They
are used to support the free public school
of this State
What kind of contract is a bail bond? - ANSWER-A civil contract
Who are the parties of a bail bond contract? - ANSWER-
Defendant
, Surety
State
Who represents the county board of education at
forfeiture hearings? -
ANSWER-School Board
Attorney
What are five dates listed on the front of a bond forfeiture
notice? - ANSWER-
Date of
Bond
Date of Failure to Appear
Date Issued
Date Notice Given
Final Judgement Date
What is the time span between the 'date notice given' and the
'final judgement
date'? - ANSWER-150
days
How many reasons does the statute allow to set aside a
forfeiture? – ANSWER-7