South Carolina Bail Bonds Practice Exam

When a bond is forfeited, what is the consequence for the surety?

1. They obtain collateral

2. They must pay the entire bond amount

3. They are released from obligation

4. They can reclaim the bond

The correct answer is: They must pay the entire bond amount

When a bond is forfeited, the consequence for the surety is that they must pay the entire bond amount. This outcome arises from the nature of bail bonds, where the surety (often a bail bond company) guarantees the court that the defendant will appear for scheduled court dates. If the defendant fails to appear, the court will forfeit the bond, meaning the surety is obligated to cover the full amount of the bond. This principle is rooted in the surety's agreement to assume the risk of the defendant's appearance. Therefore, when a bond is forfeited, it indicates that the surety has lost that bet and must fulfill their financial commitment to the court. This process reinforces accountability in the bail system, ensuring that defendants adhere to their legal obligations.