North Carolina Bail Bonds Practice Exam

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How long does a bondsman have to return the full premium if the principal is surrendered?

24 hours
48 hours
72 hours
1 week

The correct answer is: 72 hours

In North Carolina, when a principal is surrendered back to the custody of the court, the bondsman is required to return the full premium within a specified time frame. The correct period is 72 hours. This timeframe is established to ensure that the process is handled efficiently and that the client is protected financially once the bail bond is no longer in effect due to the surrender. This requirement aligns with industry practices aimed at safeguarding the interests of individuals who may need to recover any financial premiums they paid for bail. It's important for bondsmen to adhere to this timeline to maintain compliance with state regulations and uphold professional standards within the bail bonding industry.