§ 58-71-167. Portion of bond premium payments deferred. - North Carolina Statutes

§58‑71‑167.  Portion of bond premium payments deferred.

(a)        In any case wherethe agreement between principal and surety calls for some portion of the bondpremium payments to be deferred or paid after the defendant has been releasedfrom custody, a written memorandum of agreement between the principal andsurety shall be kept on file by the surety with a copy provided to theprincipal, upon request.  The memorandum shall contain the followinginformation:

(1)        The amount of thepremium payment deferred or not yet paid at the time the defendant is releasedfrom jail.

(2)        The method andschedule of payment to be made by the defendant to the bondsman, which shallinclude the dates of payment and amount to be paid on each date.

(3)        That the principalis, upon the principal's request, entitled to a copy of the memorandum.

(b)        The memorandum mustbe signed by the defendant and the bondsman, or one of the bondsman's agents,and dated at the time the agreement is made.  Any subsequent modifications ofthe memorandum must be in writing, signed, dated, and kept on file by thesurety, with a copy provided to the principal, upon request. (1991,c. 644, s. 22.)