3/27/25, 10:39 PM NC BAIL BONDS FINAL EXAM AND PRACTICE EXAM QUESTIONS CURRENTLY TESTING COMPLETE QUESTIONS WITH D…
NC BAIL BONDS FINAL EXAM AND PRACTICE
EXAM QUESTIONS CURRENTLY TESTING
COMPLETE QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT ANSWERS)
/ALREADY GRADED A+
Terms in this set (100)
Something of value to indemnify or protect the
What is collateral?
bondsman in the event of forfeiture
1) Money or other negotiable instrument
What are the different 2) Personal Property
types of collateral? 3) Real Property
4) Indemnity agreement
How much collateral is a 100%
bondsman allowed to take
for posting a bonds?
What is a collateral trust A bank account for cash collateral received on bail
account? bonds
If collateral is taken, what A full description and value of the collateral
is required on the receipt?
When must collateral be Within 72 hours after final termination of liability on
returned? the bond
What is the requirement of It must be returned in the same condition as
returning collateral other requested and received by the bondsman
than cash?
… 1/14
, 3/27/25, 10:39 PM NC BAIL BONDS FINAL EXAM AND PRACTICE EXAM QUESTIONS CURRENTLY TESTING COMPLETE QUESTIONS WITH D…
It must be held in a trust account in a NC bank
It must be held in a non interest bearing trust account
It must be held separate from any other personal or
What are the requirements business acct
for holding cash, check, or The trust account funds cannot be commingled with
other negotiable any other funds
instruments as collateral? The collateral must be deposited in the trust account
within 2 banking days
The trust account is for funds collected as collateral
on bail bonds only
Collateral must be reduced to the same extent that
the liability under the bonds was reduced and any
excess shall be returned
What must a bondsman Written amendment with details of the modification of
do with collateral if bail is collateral
reduced? Furnish a copy of amendment to the person furnishing
collateral and the principal
Keep copy of amendment on file in office of the
bondsman
What will a bondsman be Class 1 felony
guilty of if he or she fails
to return collateral that
exceeds $1,500?
What are the only 2 things Pay the bond or Give it back!
a bondsman can do with
collateral?
What kind of contract is a Civil contract
bail bond?
What happens to all fines They go support the free public schools of NC
and forfeitures paid in
court cases?
Who represents the The school board attorney
county board of
education?
… 2/14
NC BAIL BONDS FINAL EXAM AND PRACTICE
EXAM QUESTIONS CURRENTLY TESTING
COMPLETE QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT ANSWERS)
/ALREADY GRADED A+
Terms in this set (100)
Something of value to indemnify or protect the
What is collateral?
bondsman in the event of forfeiture
1) Money or other negotiable instrument
What are the different 2) Personal Property
types of collateral? 3) Real Property
4) Indemnity agreement
How much collateral is a 100%
bondsman allowed to take
for posting a bonds?
What is a collateral trust A bank account for cash collateral received on bail
account? bonds
If collateral is taken, what A full description and value of the collateral
is required on the receipt?
When must collateral be Within 72 hours after final termination of liability on
returned? the bond
What is the requirement of It must be returned in the same condition as
returning collateral other requested and received by the bondsman
than cash?
… 1/14
, 3/27/25, 10:39 PM NC BAIL BONDS FINAL EXAM AND PRACTICE EXAM QUESTIONS CURRENTLY TESTING COMPLETE QUESTIONS WITH D…
It must be held in a trust account in a NC bank
It must be held in a non interest bearing trust account
It must be held separate from any other personal or
What are the requirements business acct
for holding cash, check, or The trust account funds cannot be commingled with
other negotiable any other funds
instruments as collateral? The collateral must be deposited in the trust account
within 2 banking days
The trust account is for funds collected as collateral
on bail bonds only
Collateral must be reduced to the same extent that
the liability under the bonds was reduced and any
excess shall be returned
What must a bondsman Written amendment with details of the modification of
do with collateral if bail is collateral
reduced? Furnish a copy of amendment to the person furnishing
collateral and the principal
Keep copy of amendment on file in office of the
bondsman
What will a bondsman be Class 1 felony
guilty of if he or she fails
to return collateral that
exceeds $1,500?
What are the only 2 things Pay the bond or Give it back!
a bondsman can do with
collateral?
What kind of contract is a Civil contract
bail bond?
What happens to all fines They go support the free public schools of NC
and forfeitures paid in
court cases?
Who represents the The school board attorney
county board of
education?
… 2/14
