HB 174 Bail bondsmen; requirements for property bail bondsmen, suspension of license.
Barry D. Knight | all patrons    ...    notes
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Summary as introduced:
Bail bondsmen; requirements for property bail bondsmen; suspension of license.  Provides that a property bail bondsman or his company must own the real estate that serves as the collateral on his bonds. The bill also provides that a property bail bondsman shall not enter into a bond if the penalty of such bond and all other outstanding bonds for which he is liable exceeds the true market value of the equity in the real estate. Current law provides that such penalty for which the property bail bondsman is liable cannot exceed four times the true market value of the equity in the real estate. The bill further provides that a property bail bondsman's license shall be suspended if he has not paid any forfeiture of bond within 60 days after notice of a final court order.

Full text:
01/09/12  House: Prefiled and ordered printed; offered 01/11/12 12103147D  pdf

Status:
01/09/12  House: Prefiled and ordered printed; offered 01/11/12 12103147D
01/09/12  House: Referred to Committee on General Laws
01/16/12  House: Referred from General Laws by voice vote
01/16/12  House: Referred to Committee for Courts of Justice
01/17/12  House: Assigned Courts sub: #1 Criminal
01/18/12  House: Subcommittee recommends laying on the table by voice vote
02/14/12  House: Left in Courts of Justice