Loading chat...
MS SB2151
Bill
AI Summary
-
Prohibits professional bail agents from writing bail bonds on credit or without collecting the full premium upfront.
-
Requires bail agents to charge 10% of the bail amount (minimum $100) as premium, or 15% (minimum $100) for defendants charged with capital offenses or residing outside Mississippi.
-
Allows bail agents to charge an additional $50 processing fee on each bond issued.
-
Permits bail agents to hold collateral or take security interests to ensure premium payment and indemnify against bond forfeitures or apprehension costs.
-
Effective July 1, 2015.
Legislative Description
Bail bonds; may not be written on credit and premium may not be discounted.
Last Action
Died In Committee
2/3/2015
Committee Referrals
Judiciary, Division B1/9/2015
Full Bill Text
No bill text available