By Brad Segall

NORRISTOWN, Pa. (CBS) – The Chalfont Borough police officer accused of developing a hoax earlier this week claiming he was shot in the chest during a car stop has been released on bail.

Jon Cousin posted 10 percent of his $150,000 bail and was released late Thursday from the Bucks County Prison. Under terms of the release, the 30-year-old officer must check into an inpatient treatment facility and notify prosecutors of his progress.

A psychiatric evaluation has already been completed and Cousin surrendered his weapons to the Bucks County detective bureau.

Cousin was arrested Tuesday night, one day after prosecutors say he made up a story about being shot while investigating a suspicious vehicle in the parking lot of the Lenape Valley Swim Club. He claimed it was his bulletproof vest that saved his life. Police spent the day searching for three suspects, but investigators later determined the story was a hoax.

Cousin is on administrative leave. His next court date is scheduled for September 6th.