NC Bail Bondsman Test Prep QUESTIONS WITH COMPLETE 100% VERIFIED SOLUTIONS 2024/2025, Exams of Law

Download NC Bail Bondsman Test Prep QUESTIONS WITH COMPLETE 100% VERIFIED SOLUTIONS 2024/2025 and more Exams Law in PDF only on Docsity! NC Bail Bondsman Test Prep QUESTIONS WITH COMPLETE 100% VERIFIED SOLUTIONS 2024/2025 1) Which statute regulates bondsman's daily business? A) 15 A Article 26 B) Chapter 58 Article 71 C) Chapter 75 D) DOI B) Chapter 58 Article 71 2) Which is not included in the definition of an accommodation? A) person who charges a fee (money) for posting a bond B) a person who must show proof that property will cover the amount of the bond C) a person who may sue the defendant for loss due to payment of the bond D) a person who is not licensed. A) person who charges a fee (money) for posting a bond 3) How can an accommodation bondsman post bonds? A) Cash B) property C) A and B D) certification of equivalent funds in stocks and bonds form 2104-B C) A and B 4) What is the definition of a bail bond? A. An undertaking by the principal to appear in court upon penalty of forfeiting bail B. A legal instrument indicating the amount of bond required and when payable C. A legal instrument giving the right to foreclose on a property D. All the above A. An undertaking by the principal to appear in court upon penalty of forfeiting bail Which one is NOT a type of bail bond? A) Unsecured B) Signed title to motor vehicle C) Premium Secured D) Property B) Signed title to motor vehicle What are the three areas of North Carolina Bail Bond law? A. Chapter 15 A, Article 26, Chapter 58 Article 71, NC Administrative code B. Chapter 15 A, article 26, chapter 58 article 71, department of insurance regulatory code C. Chapter 15 A, article 26, chapter 58 article 70, NC administrative code D. Chapter 29B, Article 62, chapter 85, article 17, NC administrative code A. Chapter 15 A Article 26, Chapter 58 Article 71, NC Administrative code If there is conflict between the areas of bail bond law, what is first in the order of authority? A. Chapter 58 article 71 B. Chapter 15A Article 26 C. Chapter 15A Article 22 D. NC Administrative Code B. Chapter 15A article 26 Who is in charge of regulating bail bondsmen and runners? A. North Carolina Department of Justice B. North Carolina Department of Insurance C. County and Municipal Government D. Local School Board Attorneys B. North Carolina Department of Insurance Who is the elected head of the North Carolina Department of Insurance. A. Commissioner of Insurance B. Governor C. Lieutenant Governor D. Attorney General A. Commissioner of Insurance What persons are not prohibited from becoming licensed as bail bondsmen or runners? A) sheriff B) deputy sheriff C) officers in any branch of the united starts armed services D) attorney C) officers in any branch of the united states armed services What is one of the two restrictions for persons prohibited from becoming bail bondsman or runners? A. Shall not act as an agent for any bail bond company of bail bondsman B. Shall not be above the age of 75 Which is not a surety? A) Professional Bondsman B) accommodation bondsman C) surety bondsman D) surety company C) Surety bondsman A license is not required by a: A) person who assists a professional bondsman in running an office B) surety bondsman C) runner D) professional Bondsman A) a person who assists a professional bondsman in running an office A first year licensee applying for a runner's license will be supervised by? A) An accommodation bondsman B) A Professional Bondsman C) The commissioner of insurance D) Surety Bondsman B) A Professional Bondsman A first year licensee applying for a surety bondsman's license is supervised by? A) An Accommodation Bondsman B) A Surety Bondsman C) A Professional Bondsman D) NC Bail Agents Association B) A Surety Bondsman The paperwork showing the charge and the time and location to appear in court is called? A) Conditions of Release B) Arresting Officer's Report C) Proceedings of Arraignment D) Appearance Bond A) Conditions of Release For the release of a defendant the "conditions of release" information is transferred to? A) The Appearance Bond B) Certification of Bond C) Nature and value of collateral D) License numbers of all bondsman and runners affiliated. A) The Appearance Bond. Your are not required to fill out the bond affidavit is you are a: A) Professional bondsman B) Accommodation Bondsman C) Surety bondsman D) Runner B) Accommodation Bondsman The required "identifying information" on a bond does not include: A) name and mailing address of defendant B) name and mailing address of accommodation bondsman (if applicable) C) name and license number of the professional bondsman (if applicable) D) address and phone number of bondsman office D) address and phone number of bondsman office The person who is not legally responsible to the state if the defendant skips is the A) Professional bondsman B) Surety Bondsman C) Accommodation bondsman D) Insurer (insurance company) B) Surety Bondsman The maximum bail bond premium that can be charged is A) 15% of the face amount of the bond B) 20% of the face amount of the bond C) 10% of the face amount of the bond D) 25% of the face amount of the bond A) 15% of the face amount of the bond The minimum bail bond premium that can be charged is: A) 15% of the face amount of the bond B) 5% of the face amount of the bond C) 3% of the face amount of the bond D) 0% of the face amount of the bond D) 0% of the face amount of the bond If other than money is taken as bond premium, what is the requirement for the value of that item? A) The value of the item must be reasonable in relation to the premium charged. B) The value must be determined by a registered appraiser C) The value of the item cannot be more than 125% in relation to the premium charged D) Foreign currencies must be escrowed by an international bank until disposition of the case A) The value of the item must be reasonable in relation to the premium charged. After filling out the front of the appearance bond, what must a bondsman do to complete the bond? A) Fill out the affidavit on the back of the appearance bond B) Attach professional bondsman's certification seal or surety bondsman's qualifying power C) A and B above. D) Fill out NC form 1009-B, Value of Non- currency collateral C) A and B above. If a bond is written on credit or partial credit what form must be filled out? A) Memorandum of Agreement B) UCC Certified Promissory Note C) Notarize Affidavit of Indebtedness D) Federal Form 4334, Bail Bond Promissory Agreement A) Memorandum of Agreement How many days does a licensee have to appeal a former insurer's notice of not discharging affidavit of surety? A) 5 days B) 10 days C) 20 days D) 30 days B) 10 Days The bond affidavit provides information on what? A) Premium and Collateral B) Premium and Interest Rate C) collateral and Description of Charges d) premium A) Premium and Collateral If collateral is taken which form is the information about the collateral listen on? a) the collateral itemization receipt b) The bond affidavit on the back of the appearance bond c) the list of collateral on the front of the appearance bond d) it isnt necessary to list the collateral b) The bond affidavit on the back of the appearance bond If any premium is received, a bondsman must give them? a) a certificate of indemnity b) a certified true copy of the bond c) 2 copies of the bond affidavit d) a receipt c) indentured servitude agreements d) indemnity agreement c) indentured servitude agreements how much collateral is a bondsman allowed to take for posting a bond a) up to 100% of the amount of the bond b) any amount c)up to 125% of the amount of the bond d) as determined by the presiding magistrate a) up to 100% of the amount of the bond failure to return collateral that exceeds 1500 is a) class a misdemeanor b) class I felony c) class II felony d) grand larceny b) class I felony the only two things a bondsman can do with collateral are: a) pay the bond or give it back b) pay the bond of pay expenses c) pay the bond or list it on Ebay under a relatives name d) give it back in person or deposit it in a defendants bank account a) pay the bond or give it back if asked for identification what is the legal ID to present as a bondsman? a) state issued drivers license b) your DOI issued identification c) bail bond shield d) all of the above b) your DOI issued identification will a bondsman be revoked for receiving a prayer for judgement (PJC) for misdemeanor drug charge? a) yes b) no a) yes which of the following is not one of the requirements concerning a memorandum of agreement a) show the amount of premium not paid b) provide a copy of the agreement to the clerk of court upon request c) provide a copy of the agreement to the principal upon request dates and amount to be paid d) show the method and schedule of payments to include the dates and amounts to be paid e) agreement must be signed and dated by the bondsman or runner and the principal at the time the agreement is made f) modifications are in writing, signed, dated, kept on file with copy to principal upon request b) provide a copy of the agreement to the clerk of court upon request what is required to be printed on all agreements and contracts with defendants or anyone on behalf of the defendant a) form number b) the license number of the bondsman c) a description of the charges against the defendant d) a and b e) none of the above d) a and b the single largest bond a professional bondsman or his runner can write is: a) (1/4) of of the professional bondsman's security deposit b) one million dollars c) (1/8) of the professional bondsman's security deposit d) 1/2 of the professional bondsman's security deposit a) (1/4) of of the professional bondsman's security deposit if a bond is reduced after it was posted, the bondsman must do what with the collateral a) reduced the collateral to the same extent that the liability under the bond was reduced b) execute written amendment to bond affidavit with details of the modification of collateral c) furnish the principal and person furnishing collateral or premium a copy of the amendment and keep copy of amendment on file in office of the bondsman d) all of the above d) all of the above bondsmen may share a trust account in what instance a) with the approval of the commissioner b) when bail bondsmen are working out of the same business office or location c) when they use the same surety provider d) a and b only d) a and b only a professional bondsman's security deposit limits the amount of bonds written by what two rules a. 1/4 rule and 8x rule b. 1/8 rule and 8x rule c. 1/4 rule and 4x rule d. 1/8 rule and 4x rule a. 1/4 rule and 8x rule the professional bondsman's security deposit is held in: a. safety deposit box b. a federally insured bak with assets of over $10,000,000.00 c. a master trust bank d. fort knox c. a master trust bank what value will the commissioner allow for stocks of bonds deposited to the professional bondsman's security deposit a. 80 percent of the fair market value of bonds b. 60 percent of the fair market value of stocks c. 50 percent of the fair market value of stocks or bond d. a and b e. none of the above d. a and b the requirement of returning collateral other than cash it: a. must be returned in the same condition as requested and received by the bondsman b. must be returned in the same condition as described on the bond affidavit on the back of the appearance bond c. it must be inspected by a neutral third party d. it must be returned after NCDOI approves the return a. must be returned in the same condition as requested and received by the bondsman if the indemnitor requests the termination of the bond, is the bondsman required to terminate the bond? a. yes b. no b. no after the first $5,000 what other securities may the professional bondsman use for his security deposit? a. stocks and bonds b. stocks, bonds, and/or annuities c. stocks, bonds, annuities, or negotiable instruments d. cash bonds for child support a. stocks and bonds in what way can cash bond be posted? a. cash b. surety bondsman c. failure to abide by bail bondsman's morality clause d. arrest for a felony a. conviction of a felony who has the highest percentage of arresting defendants and bringing them back to jail a. sheriff b. municipal police c. federal Marshall d. bail bondsman d. bail bondsman how often must the daily bail bond register be updated a. weekly b. hourly c. daily d. after each transaction c. daily the three ways a secured bond can be posted are a. cash b. property c. bail bondsman d. a, b, and c d. none of the above d. a, b, and c the requirements for holding cash collateral are a. it must be held in non-interest bearing trust account in a north Carolina bank, separate from any other personal or business account b. the trust account is for funds collected as collateral on bail bonds only and cannot be commingled with any other funds. c. cash collateral must be deposited in the trust account within 2 banking days after receipt d. all of the above d. all of the above a monthly report must be filed with the commissioner a. on or before the 15th of each month b. by the end of the fiscal year c. on or before the 1st of every month d. on or before the 10th of every month a. on or before the 15th of each month a daily bail bond register is a. a photocopy of the days receipts b. a year to date listing of all bonds written by day c. a daily list of all cash receipts received by a bail bondsmen d. a daily listing of all bonds written on any given day d. a daily listing of all bonds written on any given day the length of time a bondsman has to petition the court to remit the payment of the bond a. one year after the judgement of the forfeiture become final b. two years after the judgement of the forfeiture became final c. three years after the judgement of the forfeiture became final d. 90 days after the judgement of the forfeiture became final c. three years after the judgement of the forfeiture became final if the commissioner denies an application or license, how long does the applicant or licensee have to write demanding a review a. within 30 days after service of notice from commissioner b. within 90 days after service of notice from the commissioner c. withing 7 days after service of notice from the commissioner d. within 10 days after service of notice from the commissioner a. within 30 days after service of notice from commissioner if a bondsman files for bankruptcy, how soon must he or she notify the commissioner a. within three business days after filing b. notification is not required c. within 7 business days after filing d. within 30 days after filing a. within three business days after filing how many motions to remit the bond are allowed within the three years after final judgment a. three, one per year b. one. c. none. d. 36, one per month b. one. how must the bonds be listed by the professional bondsman on the monthly report? a. alphabetically b. numerical c. from the highest amount of bond to the lowest d. by the age of the defendant a. alphabetically where is the motion to set forfeiture aside located a. on the front of the bond forfeiture notice b. on page 3 of the bond forfeiture notice c. on the back of the bond forfeiture notice d. these is no such ting as a motion to set forfeiture aside c. on the back of the bond forfeiture notice the authorization a professional bondsman must provide with his security to the commissioner a. power of attorney b. notarized consent to provide urine samples for drug testing c. living will d. list of beneficiaries to any life insurance policies a. power of attorney the register a professional bondsman must keep to list bonds written a. daily bail bond register b. monthly bail bond register c. year to date bail bond register d. none of the above a. daily bail bond register the commissioner will send _________ to the professional bondsman if his security deposit falls below required level a. a warning letter b. an insufficient security deposit memorandum c. a large man with baseball bat d. a notice of deficiency d. a notice of deficiency a surety is a. a defendant or witness obligated to appear in court upon penalty of forfeiting bail b. any person licensed as a surety bondsman by the commissioner c. someone who can execute bail bonds on behalf of licensed professional bondsman when the power of attorney has been duly recorded d. one who with the principal is liable for the amount of the bail bond upon forfeiture d. one who with the principal is liable for the amount of the bail bond upon forfeiture a runner is a. a defendant who misses court leaves the state b. a licensed person who can execute bail bonds on behalf of a professional bondsman when a power attorney has been duly recorded c. 65 years old and 15 years experience d. only 65 years old c. 65 years old and 15 years experience you must take CE class before your first renewal if a. licensed before january 1st b. licensed after january 1st c. ple class between jan 1 and july 1st d. you failed your state exam the first time a. licensed before january 1st how many days do you have to surrender your terminated license to DOI a. 72 hours b. 3 days c. 10 business days d. 30 days c. 10 business days how many hrs of ple and ce respectively are required by statute a. two days and 6 hours b. 12 hr and 3 hrs c. 10 hrs and 6 hrs d. three days 3 hrs b. 12 hr and 3 hrs how long must you be a bondsman to be a professional bondsman a. six months b. one year c. two years d. three years b. one year which one represents the order of laws by ranking a. court of appeals opinion, general statute, supreme court opinion, administrative law b. general statute, administrative law, court of appeals opinion, supreme court opinion c. administrative law, general statute, court of appeals opinion, supreme court opinion d. supreme court opinion, court of appeals opinion, general statute, administrative law d. supreme court opinion, court of appeals opinion, general statute, administrative law how long after judgment in district court is a bail bond in a case exonerated a. immediately upon judgment b. when clerk puts judgment in system c. when judge signs the judgment form d. eleven days d. eleven days how long after judgment in superior court is a bail bond exonerated a. immediately upon judgment b. when clerk puts judgment in system c. when judge signs the judgment form d. eleven days a. immediately upon judgment which person would disqualify you as a bondsman a. your magistrate father b. your deputy sheriff brother c. your spouse d. all of the above c. your spouse in first license year, how many months must be uninterrupted a. 12 b. 3 c. 6 d. 9 c. 6 when are you not considered a first year licensee by doi a. previously licensed more than 12 but inactive less than 36 months b. previously licensed more than 24 but inactive less than 36 months c. previously licensed more than 18 but inactive less than 24 months d. previously licensed more than 18 months but inactive less than 36 months d. previously licensed more than 18 months but inactive less than 36 months which are required by doi before an appointment by another insurer can be authorized a. affidavit under oath of no owed premiums b. bondsman agrees to discharge all outstanding forfeitures c. affidavit under oath of no unsatisfied judgments d. none of the above d. none of the above which one is not a ground for suspension or revocation of your license a. fraudulent or dishonest practices in conduct of business b. for any business association with an unqualified bondsman c. for any drug conviction in the previous 24 months d. none of the above d. none of the above any suspension or revocation under G.S. 58-71-80 shall be in accordance with which chapter in the general statute a. chapter 15 a b. chapter 58 b c. chapter 150 b d. chapter 13 c. chapter 150 b which are violations of a person conducting normal office duties a. type monthly reports b. accept and receipt collateral c. deliver motions to clerk of court d. pulling files retrieving information form the files b. accept and receipt collateral what are not violations of a person conducting normal office duties a. accept initial premium payment made pursuant to a memorandum b. interview any person by phone concerning bond application c. notify a defendant about missing his court date d. accept installment payments of deferred premium by memorandum d. accept installment payments of deferred premium by memorandum how many days do you have to deposit cash/check collateral in to a trust account a. 2 banking days b. 3 banking days c. 10 days d. 30 days a. 2 banking days cash trust accounts must a. be in a nc bank b. in a non interest bearing acct c. contain collateral funds only d. all of the above. d. all of the above. shared trust accounts must be a. with the same surety in the state b. approved by the surety a. daily upon modification or alteration of collateral security, the bondsman shall execute a written amendment and copies to a. defendant and file b. clerk of court, defendant and file c. clerk of court, defendant, person furnishing collateral and file d. defendant, person furnishing collateral and file e. clerk of court, magistrate, defendant and file c. clerk of court, defendant, person furnishing collateral and file which is not required on a receipt a. prenumbered, used and filed in consecutive numerical order b. the amount of deferred payment by the defendant c. name and address of the bondsman d. amount, date paid, total amount of bond and defendant's name b. the amount of deferred payment by the defendant in which manner can a monthly report be filed with the commissioner a. fax b. email c. electronically d. all of the above d. all of the above what documents can a bondsman give the sheriff to surrender a defendant a. copy of the conditions of release b. copy of the appearance bond c. copy of bond forfeiture d. all of the above d. all of the above how long do you have to notify the commissioner of the termination of a runner a. 3 days b. 5 days c. 10 days d. 30 days b. 5 days how many reasons are there to set aside a forfeiture a. 7 b. 6 c. 8 d. 5 days a. 7 which one of the following amounts can professional bondsman charge a. 20% b. 185 c. 15% plus tac d. 11% d. 11% within how many days must you notify the commissioner of any conviction other than a MV infraction a. 3 days b. 5 days c. 10 days d. 30 days c. 10 days a bondsman shall complete and return his even year annual application to NCDOI before a. June 1st b. May 15th c. July 1st d. June 30th a. June 1st what person can perform the functions, duties, or powers prescribed for licensed bondsmen a. an off duty police officer b. an unlicensed fugitive recovery agent/bounty hunter c. only qualified and licensed person under 58-71-40(a) d. an ex-bail bondsman c. only qualified and licensed person under 58-71-40(a) what is the annual renewal fee for a surety/professional bondsman a. $50 b. $60 c. $100 d. $125 c. $100 what is the annual renewal fee for a runner a. $50 b. $60 c. $100 d. $125 b. $60 in addition to annual renewal, application, fingerprints and criminal history required a. every even numbered year b. every year c. every off year d. every fifth year a. every even numbered year after intial 12 month supervision, if employment continues by supervising bondsman, who is responsible for licensee's acts as a bondsman? a. the licensee b. the surety c. NCDOI d. supervising bondsman d. supervising bondsman how many reasons are there to surrender a defendant without return of premium a. 7 b. 6 c. 8 d. 5 days a. 7 if a licensee is revoked for any reason, what is the minimum period of revocation a. 10 days b. 30 days c. 90 days d. no minimum d. no minimum is a prayer for judgment (PJC) considered a guilty a. yes b. no a. yes what is required of a cash trust account a. monies be deposited within 3 banking days b. all premiums and collateral must be deposited c. must have at least two bondman's name listed d. no commingling with other operating funds b. misdemeanor drug conviction whenever NCDOI chooses to audit a bondsman's files, how much does it cost the bondsman a. $50 b. $100 c. nothing d. involuntary settlement if violation found c. nothing what limits a surety bondsman's maximum bond amount a. highest power amount b. years of experience c. amount of his BUF account d. writing authority d. writing authority can a surety bondsman write a motor vehicle bond a. yes b. no b. no what is the definition of an accommodation bondsman a. a person who shall not charge a fee for posting bond b. a person who charges a fee but requires no collateral c. a person how lives with the defendant d. a person who accepts work for posting bond. a. a person who shall not charge a fee for posting bond what is the minimum cash deposited to the security deposit to be a professional bondsman a. $15,000 b. $10,000 c. $5,000 d. $2,500 c. $5,000 what is the minimum age a person must be to be a bondsman in NC a. 21 b. 18 c. 19 d. 20 b. 18 how long must you be a bondsman to be a supervising bondsman a. one year b. five years c. ten years d. two years d. two years the commissioner can inspect a bondsman's files a. upon request b. after a complaint c. anytime d. never c. anytime what is a license year to a bondsman a. January 1 to December 31 each year b. July 1 to June 30 each year c. August 1 to July 31 each year d. September 1 to august 31 each year b. July 1 to June 30 each year which one would not be a reason to surrender a defendant without refund premium a. failure to pay bond fee as agreed b. change of address without notification c. physical concealment from surety d. violation of any court order e. false info or name at time of bond f. fail to disclose previous felony or pending charges g. leave state without permission h. none of the above h. none of the above what must a bondsman give a copy of to the DA, Clerk of Court and school board attorney a. bond b. license of bondsman c. motion to set aside forfeiture d. conditions of release c. motion to set aside forfeiture notice of forfeiture is effective when a. mailed by clerk b. date of called and failed c. date of issuance of forfeiture d. forfeiture is received by surety a. mailed by clerk how many days after called failed does the clerk have to serve the forfeiture on the surety a. 10 days b. 10 business days c. 20 days d. 30 days d. 30 days who is responsible for judgement of forfeiture a. surety bondsman b. indemnitor c. obligor d. runner c. obligor what is the penalty for any violation while accessing the ACIS system a. class 1 misdemeanor b. class 1 felony c. spanking d. Class H felony d. Class H felony what is themini mum deposit a professional bondsman must post to his security deposit a. $5,000 b. $15,000 c. $10,000 d. $20,000 b. $15,000 on what date shall the money for a forfeiture be paid if no set aside is filed a. the 160th day b. 30 days prior to final judgement date on forfeiture c. the final judgement date on the forfeiture d. 150th day from the date of called and failed c. the final judgement date on the forfeiture if a bondsman is authorized to access the ACIS system, which is violation a. access using another identification b. allow any other person direct or indirect access c. distribute information to anyone not directly being evaluated for bail d. all of the above d. all of the above you must notify the commissioner within 10 days of a. any motor vehicle infraction b. any misdemeanor arrest c. any felony d. any conviction other than a motor vehicle infraction d. any conviction other than a motor vehicle infraction if an order for arrest is stricken but the forfeiture is not can you surrender the defendant without return of premium a. yes b. no a. yes if a security/indemnity agreement is executed for a bond who shall be given a copy of the agreement a. clerk of court b. magistrate c. indemnitor d. sheriff c. indemnitor which one would not be considered address of record a. address entered on the bail bond executive b. address filed by defendant after execution of bond c. hotel where defendant is found residing d. address defendant is found visiting d. address defendant is found visiting What is required of a collateral receipt a. penrumbered by the printer b. used and filed in numerical order c. a written detailed description of the collateral received d. location of held colateral c. a written detailed description of the collateral received if a defendant is arrested again while out on bond, what is the minimum required bond to be set by the judicial official a. judges discretion b. double the amount of the previous release order c. $500 bond d. $1000 bond b. double the amount of the previous release order a final judgment of forfeiture shall be docketed as a civil judgement against whom a. the defendant and any surety of record b. the indemnitor on the bond c. the surety bondsman d. the runner a. the defendant and any surety of record