SC H4512

Sets a maximum bond premium of 15% of the face amount of the bond

Requires bondsmen to charge and collect a minimum fee of $100 or 10% of the bond (whichever is greater) before executing the bond

Permits payment agreements only for amounts exceeding 10% of the bond amount

Removes existing statutory language regarding 18-month payment agreement terms, two-month delinquency notice requirements, and mandatory surrender procedures for non-payment

Retains requirements for bondsmen to return collateral within 10 days after bond liability ends and to provide 10-day notice before converting collateral to cash upon forfeiture