MN SF3358

Establishes Minnesota Statutes chapter 60M to codify bail bond standards and regulations governing sureties, bail bond agencies, and producers

Sets premium requirements including minimum $100 premium, prohibition on rebates, and different payment terms based on bond size: 50% upfront for bonds ≤$10,000 (120 days to pay balance) and 30% upfront for bonds >$10,000 (equal monthly payments within 12 days)

Regulates collateral handling requiring written receipts, deposit into trust accounts within 5 business days, return within 21 days of bond discharge, and prohibits quitclaim deeds and collateral exceeding bond penal sum

Requires annual surety audits of producers by April 30 reviewing adequate bond samples for premium compliance, proper documentation, and lawsuit filing for unpaid premiums, with reports due by May 31

Prohibits solicitation at jails, courts, and detention facilities; restricts cold calls without prior defendant contact; requires compliance with federal Do Not Call Registry and state privacy laws; bans payments to unlicensed individuals and public officials