ANSWERS MARKED A+
✔✔Who is required to fill out the bond affidavit? - ✔✔Professional Bondsman
Surety Bondsman
Runners
✔✔What is the bail bond premium? - ✔✔The fee you charge for posting a bond
✔✔What is the maximum bail bond premium that can be charged? - ✔✔15% of the face
amount of the bond
✔✔Can a bondsman sign a bond for less than 15% - ✔✔Yes
✔✔What is the requirement if something other than money is taken as bond premium? -
✔✔The value of the item must be reasonable in relation to the premium charged for that
bond
✔✔If a premium is received or promised, where is the amount of the premium to be
listed? - ✔✔The affidavit on the back of the appearance bond
✔✔What must be given for any premium received? - ✔✔Receipt
✔✔A receipt must be given for any premium received, what are the 7 requirements for a
receipt - ✔✔Pre-numbered by a printer
Used and filed in consecutive order
Show name and address of the bail bondsman
Show the amount and date paid
Show the name of the person accepting the payment
Show the total amount of the bond for which the fee is being charged
Show the defendants name
✔✔If a bond is written on credit or partial credit what form must be filled out? -
✔✔Memorandum of Agreement
, ✔✔What are the 6 requirements concerning a memorandum of agreement? - ✔✔Show
the amount of premium not paid
Show the method and schedule of payments
The dates and amounts to be paid
Provide a copy of the agreement to the principal upon request
Agreement to be signed and dated by the bondsman or runner and the principal at the
time the agreement is made
Modifications to be in writing, signing, dated, kept on file with a copy to principal upon
request
✔✔What are the only two things of value a bandsman can accept for posting a bond? -
✔✔Premium or Collateral
✔✔What is collateral? - ✔✔Something of value to indemnity or protect the bondsman in
the event of forfeiture
✔✔What are the types of collateral? - ✔✔Money or other negotiable instrument
Personal Property
Real Property
Ideminity Agreement
✔✔How much collateral is a bondsman allowed to take for posting a bond? - ✔✔Up to
100% of the amount of the bond
✔✔If collateral is taken, where is the information about the collateral listed? - ✔✔The
affidavit on the back of the appearance bond
✔✔If collateral is taken, what three things are to be recorded on the bond affidavit? -
✔✔Name of the person from whom the collateral was received
Nature of collateral
Value of collateral
✔✔Is a bondsman required to provide a receipt for collateral received on a bond? -
✔✔Yes