Bail =
Money
Bond =
Agreement
Define Bail
a constitutional right by which the United States Criminal Justice System permits the release
... [Show More] 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 [Show Less]