North Carolina Bail Bonds Practice Exam

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Which type of bail bond requires a percentage of the bail amount to secure release?

Mortgage
Unsecured
Premium Secured
Cash Deposit

The correct answer is: Premium Secured

The Premium Secured bail bond is designed in such a way that it requires the defendant or co-signer to pay a percentage of the total bail amount in order to secure the release of the defendant. This is a common practice in the bail bond industry, where the percentage typically ranges from 10% to 15% of the bail amount set by the court. This type of bond allows individuals who may not have the full bail amount in cash to still secure a release from custody, as long as they can provide the required percentage as payment to the bail bondsman. The bondsman then assumes the risk of the full bail amount, promising to pay it to the court if the defendant fails to appear for their scheduled court date. The other types of bail bonds mentioned do not operate in this manner. For instance, a cash deposit bond typically requires the full cash amount to be deposited with the court, while an unsecured bond does not require any upfront payment. A mortgage bond uses property as collateral but does not involve a percentage of a bail amount in the same way a premium secured bond does.