ANSWERS.
1. An arrestee has contacted you to bail out of jail. He asks you to contact
his attorney and/or family members to arrange for a co- signer or
otherwise transact bail. You may contact the arrestees attorney or family
members - correct answer - Anytime with written permission from the
arrestee or arrestee's attorney, or only between 7AM and 11PM.
2. A bail licensee may charge and collect money for - correct answer -
Premium at the rate set up by the surety with the State and/or collateral
to secure the bond.
3. A bail licensee may reimburse himself for actual and necessary
reasonable expenses for a bail transaction for but not limited to
- correct answer -Guard fees after the first 12 hours a client is
released, notary fees and recording fees, travels fees consistent with
tac guidelines or state mileage allowed by government employees,
and posting fees outside the area where the licensee advertises.
4. True or False? A bail licensee may charge more than the rate of
premium filed by the surety with the state. - correct answer - False.
5. True or False? A bail licensee must provide the arrestee must provide
the arrestee or the cosigners numbered copies of all DOI approved
, surety documents used to write a bond and for expenses incurred later.
- correct answer -True.
6. True or False? A bail licensee may use a Waiver of Rights disallowing
a co-signer from engaging the bail licensee in civil court. - correct
answer -False.
7. True or False? A bail licensee shall hold collateral in a fiduciary
capacity separate from other funds or assets prior to a forfeiture of bail,
and, if the collateral is transferred to another bail licensee, that person
shall also hold the collateral in a fiduciary capacity - correct answer -
True.
8. True or False? A bail licensee must promptly return collateral once
bonds exonerate, but may levy collateral, other than cash, for unpaid
premium. - correct answer -True.
9. True or False? Collateral received in excess of the bail forfeited must be
returned after accounting for unpaid premium. - correct answer -True.
10. True or False? A bail agent does not have to truthfully answer
questions by the commissioner, subject to his lawful constitutional
rights against self-incrimination. - correct answer
-False.
, 11. True or False?A bail agent may not lie to avoid bail forfeiture or get
a defendant out on OR to a court or public official - correct answer -
True.
12. A bail permittee shall file changes to a schedule of charges within -
correct answer -5 days
13. A bail licensee must notify the commissioner of an investment in his
bail business and the investor within - correct answer -10 days
14. Every bail agent, solicitor, and permittee shall take the following
with every bond written. - correct answer -Complete records of all
business done under applicable license, keep records open for inspection
by commissioner at reasonable times, all particulars of bonds: date of
arrest, premium charged, amount of bond, date filed etc... Full name and
address and relationship of co-signers, who wrote the bond and who
negotiated the bond, and how the bond was completed including manner
of communication.
15. A bail licensee must notify the commissioner of any criminal suit,
civil action or judgement against him within - correct answer -10 days.
16. A bail licensee shall keep any and all records from any and all bail
transactions open to inspection for a period of - correct answer -5 years.