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OK HB2922

Bill

Status

Passed

4/26/2016

Primary Sponsor

John Sparks

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • Amends Oklahoma bail bondsman licensing laws to require professional bondsman license applicants to have been continuously licensed as a surety, cash, or property bondsman for at least 2 years prior to application

  • Requires bondsmen to retain business records for 3 years following discharge of liability on the bond or return of collateral to its lawful owner, whichever is later

  • Establishes that bondsmen apprehending or surrendering defendants must possess their bail bondsman license at all times during such activities and present it to law enforcement upon request

  • Clarifies that suspended or formerly licensed bondsmen may continue submitting monthly reports to the Insurance Department and contract with licensed bail enforcers to apprehend defendants under existing bail contracts

  • Modifies requirements for bondsmen seeking assistance from other bondsmen, requiring the assisting bondsman to have held a valid license for 5+ years or be appointed by the same insurer

Legislative Description

Bail bonds; clarifying certain investigation requirement; modifying exception to certain prohibited act; effective date.

Last Action

Approved by Governor 04/26/2016

4/26/2016

Committee Referrals

Business and Commerce3/10/2016
Insurance2/2/2016

Full Bill Text

No bill text available