DE HB203

Requires individuals and businesses that loan or provide funds to bail agents to be licensed as bail agents themselves, clarifying the intent of prior legislation.

Expands Commissioner authority to request financial statements, balance sheets, bank statements, and other business operation information from bail agent licensees.

Mandates automatic suspension of a bail agent business entity's license if its designated responsible agent's license is no longer active, and holds the designated agent liable for the business entity's regulatory violations.

Establishes procedures for applicants denied bail agent licenses to request a hearing before the Commissioner within 10 days, to be conducted under the Administrative Procedures Act.

Adds record-keeping requirements for bail agents using loan funds, including documentation of lenders, fund sources, loan amounts, charges, and repayment methods.