Exam (elaborations)
Bail Bond Written Assignment 3 Questions with Solutions
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Bail Bond Written Assignment 3
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Bail Bond Written Assignment 3three parties to a bail bond contract - answeroblige, obligor, surety
who may approve and accept a bail bond - answersheriff or committing magistrate
who may approve and accept an appeal bond - answerclerk of trial court
what other fee may a bail bond agent accept - answertransfer fee up to $100 per
defendant
what is the current bond premium on state bond under $1,000.00 - answer$100
what is bond premium on a state bond over $1000 - answer10%
what is the bond premium rate on a federal bond - answer15%
what five reasons may an agent surrender a defendant without refunding the premium -
answerleaves court jurisdiction, moves/changes address without notifying surety, any
action by defendant that shows reasonable intent to forfeit bond, if defendant is arrested
for anything other than minor traffic offense, defendant makes false statements on bond
app
what reasons must a premium be returned - answerdefendant doesn't fall under courts
jurisdiction to which bond was written or defendant is surrendered back to jail by surety
but there was no contract violation
what information must be shown on a premium receipt - answerdate, principal name,
amount of funds received, purpose of said funds, power of attorney number, penal sum
of bond, name of person making payment, name, address, number of surety company
and bail agent
what are the two essential elements of a valid bail bond contract - answerplace of
appearance, amount of bond
when is the amount of bail considered to be just right - answerlow enough defendant
can afford but high enough that the defendant would rather appear in court than forfeit
the bond
felony - answera crime punishable by death or a term of years in prison
misdemeanor - answercrime punishable by fine or term of less than one year
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