NORTH CAROLINA BAIL BONDSMAN Exam With 200 Questions AND ANSWERS
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Course
NORTH CAROLINA BAIL BONDSMAN
Institution
NORTH CAROLINA BAIL BONDSMAN
NORTH CAROLINA BAIL BONDSMAN 2023
2024 Exam With 200 Questions AND
ANSWERS
What is the requirement if something other than money is taken
as bond premium? - ANSWER-The value of the item must be
reasonable in relation to the premium charged for that bond
If a premium is received or promis...
What is the requirement if something other than money is taken
as bond premium? - ANSWER-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? - ANSWER-The affidavit on the back of the
appearance bond
What must be given for any premium received? - ANSWER-
Receipt
A receipt must be given for any premium received, what are the 7
requirements for a receipt - ANSWER-Pre-numbered by a printer
Used and filed in consecutive order
Show name and address of the bail bondsman
,2|Page
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? - ANSWER-Memorandum of Agreement
What are the 6 requirements concerning a memorandum of
agreement? - ANSWER-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
,3|Page
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? - ANSWER-Premium or Collateral
What is collateral? - ANSWER-Something of value to indemnity or
protect the bondsman in the event of forfeiture
What are the types of collateral? - ANSWER-Money or other
negotiable instrument
Personal Property
Real Property
Ideminity Agreement
How much collateral is a bondsman allowed to take for posting a
bond? - ANSWER-Up to 100% of the amount of the bond
If collateral is taken, where is the information about the collateral
listed? - ANSWER-The affidavit on the back of the appearance
bond
, 4|Page
If collateral is taken, what three things are to be recorded on the
bond affidavit? - ANSWER-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? - ANSWER-Yes
If collateral is taken, what is required on the receipt? - ANSWER-
Full description and value of the collateral
What is a collateral trust account? - ANSWER-A bank account for
cash collateral received on bail bonds
What are the requirements for holding cash, check, or other
negotiable instruments as collateral? - ANSWER-It must be held
in a trust account in a North Carolina bank
It must be held in a non-interest bearing trust account
It must be held separate from any other personal or business
account
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