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OK HB2922
Bill
Status
4/26/2016
Primary Sponsor
John Sparks
Click for details
AI Summary
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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
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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
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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
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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
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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