Adopted

AMENDMENT NO 2 PROPOSED TO

House Bill No. 1485

BY: Representative Hines

     AMEND on line 188 by inserting the following after the figures ($30,000.00):  "for each county in which the professional bail agent conducts business"

     AMEND FURTHER after line 256 by inserting the following:

     "(3)  A professional bail agent may employ up to ten (10) agents and each agent shall disclose to the department the number of bonds that such agent writes in a year."

     AMEND FURTHER after line 265 by inserting the following as Section 7 and renumbering the succeeding section:

     "SECTION 7.  (1)  A limited surety may write bonds anywhere in the state provided that such limited surety has an audited annual financial statement and a qualified power of attorney indicating the amount that such limited surety is qualified to write.  A personal surety shall only be allowed to write bonds for the types of surety for which they are licensed.

     (2)  Bonds written through a personal surety shall only cover one (1) individual bondsman.

     (3)  All bonds must be written for at least ten percent (10%) of the total value of the bond.  Any bond written for less than ten percent (10%) shall be grounds for license revocation and shall be a misdemeanor punishable by a fine of Five Thousand Dollars ($5,000.00) and imprisonment up to one (1) year in the county jail.

     (4)  A bondsman who forfeits a bond shall be prohibited from writing bonds in the state and shall have his or her license revoked until the forfeited bond is paid.  If a bondsman has more than three (3) forfeitures in a year and the forfeitures are not paid within ninety (90) days, such bondsman shall be subject to a permanent license revocation."

     AMEND FURTHER the title to conform.