NC Bail Bondsman State Exam already passed 2023

NC Bail Bondsman State Exam already passed 2023Bail = Money Bond = Agreement Define Bail a constitutional right by which the United States Criminal Justice System permits the release of a principal from custody while ensuring his appearance at all required Court proceedings Principal a defendant or witness who is legally required to appear in court Bail Bond an undertaking by the principle to appear in court as required upon penalty for forfeiting bail to the state in a stated amount premium fee in exchange for posting the bond What Is The Highest precentage a bondsman can charge in premium 15% define indemnitor A Co-Signer what is the percentage a bondsman can charge in collateral 100% Define Collateral something of value pledged by the defendant or on the behalf of the defendant Define Forfeit the process of losing or giving up three types of bail bondsman 1.) Surety bondsman 2.) professional bondsman 3.) accommodation bondsman Bondsman Recovery Rate (percentage) 98% purpose of a bail bond to ensure a defendant's appearance in court consequences of FTA 1.) the posted bail is forfeited 2.) order for arrest Surety a person or entity legally responsible for the bond arrest of a defended by a bondsman extension of the original arrest Define Magistrate regular citizens who are appointed by the resident Superior Court Judge of each County magistrates are authorized to 1.) issue arrest warrants 2.)search warrants 3.)Simmons 4.) subpoenas 5.)civil warrants 6.)and domestic violence protection orders first appearance to address the charges against accused and to set ,review and or deny bail the 8th Amendment ensures that bail cannot be excessive insurance commissioner Mike Causey Define exonerated relieved of all financial responsibilities regarding that particular Bond is a surety bondsman a surety No is a professional bondsman a surety Yes is a accommodation bondsman a surety Yes three types of licenses 1.) Surety bondsman 2.) Runner 3.) professional bondsman is a Runner a surety No Defendant is The Same as A Principal=Surety=Obligor a runner works for a professional bondsman when must collateral be returned to the end m'ittar within 15 days of the final termination of his liability on the bond even if the indemnitor still owes the bondsman money knowingly and willfully fails to return collateral class 1 felony cash collateral has to be deposited Within 2 Banking Days memorandum of agreement if a bondsman extends full credit or partial credit he is required to have a contract with the principal Fiduciary a bondsman entrusted with powers of attorney for misuse of ACIS or VCAP system ( what kind of felony) Class H Felony knowingly falsifying a report ( what type of felony) class 1 felony