Bail bondsman Exam Questions and Answers With Verified Solutions Latest 2024 (GRADED A+)

Bail bondsman Exam Questions and Answers With Verified Solutions Latest 2024 (GRADED A+) Security required (monetary amount) for the release of a person from jail - correct answers Bail Obligation for the amount of bail by the person who signs the bond - correct answers Bond Not a licensed bail bondsman but uses value or property to get someone out of jail. THis person can not take money - correct answers Accommodation bondsman Undertaking by the principal to appear in court as required upon penalty of forfeiting bail to the state in a stated amount - correct answers Bail bond Unsecured bond Premium secured Cash deposit-full amount of the bond` Mortgage Least one solvent surety- 2 or more persons can combine incomes - correct answers What are the ways a person can promise to be in court Bail bondsman Exam Questions and Answers (Verified Solutions) (Latest 2023) Any domestic, foreign, or alien surety company which has qualified generally to transact bail bond business in this state - correct answers Insurer Principal or surety on a bail bond - correct answers Obliged Defendant or witness obligated to appear in court - correct answers Principal Who lives in the state for 6 consecutive months - correct answers Resident A person employed by a professional bondsman for the purpose of assisting the bail bondsman in presenting the defendant in court or executing bonds on behalf of the licensed bondsman when the power of attorney has been recorded. - correct answers Runner One who with the principal is liable for the amount of the bail bond upon forfeiture of the bail. - correct answers Surety Bail bondsman Exam Questions and Answers (Verified Solutions) (Latest 2023) Something else the bondsman holds besides the 15% premium - correct answers Collateral Protect the bondsman from loss in the event of a forfeiture - correct answers What is the purpose of collateral Money or negotiable instrument Personal property, cars, etc (moveable) Real property, houses, buildings (nonmoveable) Indemnity agreements, a civil contract basically a promissory note - correct answers What are types of collateral Up to 100% of the bond - correct answers How much collateral can a bondsman take trust account in NC bank Separate from personal or business account Bail bondsman Exam Questions and Answers (Verified Solutions) (Latest 2023) Trust account funds shall be funds collected as collateral on bail bonds only The trust account funds are not to be commingled with other funds The collateral funds must be deposited in trust account within 2 banking days after receipt - correct answers Where must collateral be stored Bondsman is liable for any damages Must be returned in the same condition Bondsman using collateral other than paying forfeiture may be held civil and criminally liable - correct answers How is property collateral stored In the same condition it was received in. WIthin 15 days. Failure to return collateral can lead to revoked license Failure to return collateral in excess of $1500 can lead to criminal charges - correct answers How should collateral be returned 150 days - correct answers How long does the surety have to return the principal Bail bondsman Exam Questions and Answers (Verified Solutions) (Latest 2023) 1)FTA been set aside by the court and order for arrest has been recalled 2) charges for which the defendant has bonded have been disposed by the court other than the dismissal with leave. 3)defendant has been surrendered by surety 4)Def. served with order for arrest for the FTA 5) def. died 6)Def. is incarcerated in NC or U.S. - correct answers What are the reasons to have a forfeiture set aside School board attorney, D.A., Clerk of court - correct answers Where do the three copies of the bond forfeiture notice get copied to Motion and Certificate of service - correct answers What is needed to file a forfeiture of bond 1 - correct answers How many motions is allowed within the 150 days Bail bondsman Exam Questions and Answers (Verified Solutions) (Latest 2023) Written motion - correct answers Anytime before the expiration of 150 days, the defendant, surety, professional bondsman, runner for a professional bondsman, or surety bondsman for an insurance company may make a ______ ______ that the forfeiture to be set aside If the DA, school board attorney objects to the motion, there will be a hearing within 30 days afterthought objection is filed where the defendant was bonded to appear. - correct answers What happens after you file a motion for a forfeiture to be set aside Who has already failed to appear twice in the case for which he was charged and the bondsman had actual notice of the defendants prior failures to appear - correct answers The court will not set aside a forfeiture if a bondsman signs a bond for a defendant Defendants condition of release and release order. ACTUAL NOTICE of 2 failures to appear shall be indicated on the defendants release order by a judicial official. - correct answers How does the bondsman get actual notice of a defendants FTA Bail bondsman Exam Questions and Answers (Verified Solutions) (Latest 2023) Anytime before the expiration of 3 years any surety, professional bondsman, runner for a professional bondsman, or surety bondsman acting behalf of an insurance company make a written motion for relief - correct answers If you pay a bond do you ever get your money back? 1 - correct answers How many motions are allowed within 3 years to remit the bond The surety was not notified of the defendants failure to appear in court by the 30th day after the defendants failure to appear. Other extraordinary circumstances exist that the court, in its discretion, determines should entitle that person to relief. - correct answers What are the only 2 reasons to get your money back on a bond The sheriff of the county where the defendant is bonded to appear or to the sheriff of the county where the defendant was bonded from. The full premium shall be returned within 72 hours after the surrender - correct answers Anytime before a FTA, the defendant may be surrendered to Bail bondsman Exam Questions and Answers (Verified Solutions) (Latest 2023) 1)fails to pay the premium payment according to the agreement. 2) changes his address without notifying surety 3) physically hides from the surety 4)leaves the state without permission of the surety 5) violates the order of the court 6) fails to disclose information or gives false information of felony convictions in the last 10 years 7)provides the surety with incorrect personal identification or uses a false name or alias. - correct answers What are the reasons to return the defendant without the return of premium Where the defendant was bonded to appear. Where they were bonded from. Where the defendant is incarcerated. - correct answers When can defendant be surrendered after forfeiture