This bill, sHB5824, makes several changes to current law regarding professional bail bondsmen and surety bail bond agents. It requires applicants for a professional bondsman license to undergo a character and financial responsibility investigation and establish and maintain a trustee account. The bill also increases the maximum fine for violations by bondsmen and adds a requirement for bondsmen to establish and maintain a trustee account. Additionally, the bill adds language requiring the Commissioner of Emergency Services and Public Protection to annually audit the trustee account of any professional bondsman. The bill also makes changes to the licensing requirements for surety bail bond agents, including the establishment and maintenance of a trustee account and increased penalties for violations. The bill takes effect on October 1, 2023.

This bill, sHB5824, makes changes to the laws regarding professional bail bondsmen and surety bail bond agents. It requires applicants for a professional bondsman license to undergo a character and financial responsibility investigation and establish and maintain a trustee account. The bill also increases the maximum fine for violations by bondsmen and adds a requirement for bondsmen to establish and maintain a trustee account. Additionally, the bill adds language requiring the Commissioner of Emergency Services and Public Protection to annually audit the trustee account of any professional bondsman. The bill also makes changes to the licensing requirements for surety bail bond agents, including the establishment and maintenance of a trustee account and increased penalties for violations. The bill takes effect on October 1, 2023.

Statutes affected:
Committee Bill: 29-146, 29-152, 29-152a, 29-152c, 54-64a
JUD Joint Favorable Substitute: 29-146, 29-152, 29-152a, 29-152c
File No. 576: 29-146, 29-152, 29-152a, 29-152c