SB164 Alabama 2011 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2011
Title
Criminal bail bonds, bondsmen and professional surety companies, requirements increased, Secs. 15-13-22, 15-13-159 am'd.
Description
<p class="bill_description"> Under existing law, a bondsman, except a
corporation qualified to do a bonding business in
this state, is required to furnish a bond with
corporate surety in the amount of $25,000 ($10,000
for Cullman County)</p><p class="bill_description">
This bill would require a bondsman, except a
corporation qualified to do a bonding business in
this state, to furnish a bond with corporate surety
in the amount of $50,000</p><p class="bill_description">
This bill would also require a bondsman,
except a corporation qualified to do a bonding
business in this state, and a professional surety
company to place in escrow, in a federally insured,
interest bearing account, five percent of the total
outstanding liability in excess of $500,000, up to
a maximum escrowed amount of $200,000, and file a
liability report with the circuit clerk of each
county in which the person does business setting
forth the amount of outstanding liability and a
statement setting forth the escrowed amount</p><p class="bill_entitled_an_act"> To amend Sections 15-13-22 and 15-13-159 of the Code
of Alabama 1975, relating to surety requirements for bondsmen;
to require a bondsman, except a corporation qualified to do a
bonding business in this state, to furnish a bond with
corporate surety in the amount of $50,000; and to require a
bondsman, except a corporation qualified to do a bonding
business in this state, and a professional surety company to
place in escrow, in a federally insured, interest bearing
account, five percent of the total outstanding liability in
excess of $500,000, up to a maximum escrowed amount of
$200,000, and file a liability report with the circuit clerk
of each county in which the person does business setting forth
the amount of outstanding liability and a statement setting
forth the escrowed amount.
</p>
Subjects
Crimes and Offenses
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 8, 2011 | Read for the first time and referred to the Senate committee on Governmental Affairs |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB164 Alabama 2011 Session - Introduced |