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MS HB842
Bill
Status
1/30/2018
Primary Sponsor
Jerry Turner
Click for details
AI Summary
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Requires professional bail agents to hold collateral or take a security interest in collateral when a bail bond is $15,000 or more and the premium is financed by the bail agent.
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Mandates that professional bail agents provide a written receipt detailing a full description of any collateral or security interest accepted.
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Requires bail agents to release collateral or security interest upon extinguishment of the bond.
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Brings forward Section 83-39-27 regarding unlawful activities by bail agents for possible amendment, including prohibitions on specifying attorneys, paying rebates to court officials, and refusing to return collateral when obligations are terminated.
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Takes effect July 1, 2018.
Legislative Description
Professional bail agents; require to hold collateral or take security interest in collateral for certain bail bonds.
Last Action
Died In Committee
1/30/2018