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2006 SESSION

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HB 433 Bail bondsmen; equity ratio of property and outstanding bonds.

Introduced by: H. Morgan Griffith | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Bail bondsmen; equity ratio of property and outstanding bonds.  Allows a bail bondsman to write bonds up to four times the value of his financial holdings (current law requires a 1:1 ratio), and provides that no single bond shall represent more than 25% of his collateral.


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