(a) If the conditions of the bail bond have been performed and the defendant has been discharged from the defendant’s obligations in the cause, the clerk of the court shall return to the bondsman the deposit of any cash. If the bail has been secured by real estate, the clerk of the court shall immediately prepare and forward to the register a written release of the deed of trust on the real estate. The costs of the release shall be paid by the defendant.
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Terms Used In Tennessee Code 40-11-138

  • Acquittal:
    1. Judgement that a criminal defendant has not been proved guilty beyond a reasonable doubt.
    2. A verdict of "not guilty."
     
  • Bail: Security given for the release of a criminal defendant or witness from legal custody (usually in the form of money) to secure his/her appearance on the day and time appointed.
  • Conviction: A judgement of guilt against a criminal defendant.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • Grand jury: agreement providing that a lender will delay exercising its rights (in the case of a mortgage,
  • Indictment: The formal charge issued by a grand jury stating that there is enough evidence that the defendant committed the crime to justify having a trial; it is used primarily for felonies.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Plea: In a criminal case, the defendant's statement pleading "guilty" or "not guilty" in answer to the charges, a declaration made in open court.
  • State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
  • written: includes printing, typewriting, engraving, lithography, and any other mode of representing words and letters. See Tennessee Code 1-3-105
(b)

(1) A bail bondsman or surety shall be released from an obligation under a bail bond if the charge against the surety’s principal is disposed of by acquittal, agreement with the state, whether diversion or otherwise, or retirement.
(2)

(A) If the charge is disposed of by conviction or a plea of guilty, the bond shall remain in effect until the court renders the defendant’s sentence.
(B) After conviction or a plea of guilty, and before the court renders the defendant’s sentence, the bond shall not be forfeited against a surety, shall not be included in the calculation of a professional bondsman’s capacity or solvency, or otherwise negatively impact the surety.
(c) If after the bond has been active and in effect for three (3) years and the state has failed to seek an original indictment before a grand jury against the defendant covered by the bond, the bond shall not be forfeited against the surety and shall not be included in the calculation of a professional bondsman’s capacity, solvency, or otherwise negatively impact the surety involved.
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