SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

2015 SESSION

  • | print version

HB 2366 Bail bondsmen; licensure of nonresidents, security requirements.

Introduced by: Riley E. Ingram | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Bail bondsmen; licensure of nonresidents; security requirements. Requires, in order for a nonresident transfer or applicant to be licensed as a bail bondsman, that such transfer or applicant furnish bond executed by the nonresident transfer or applicant and by a licensed corporate surety payable to the Department of Criminal Justice Services (the Department) in the amount of at least $50,000. In lieu of furnishing a bond, the bill allows the transfer or applicant to deposit cash or other collateral with the Department in the amount of at least $50,000. The bill requires that the bond furnished or cash or other collateral deposited be forfeited to the Department in the event that the transfer or applicant fails to pay any forfeited bail bond or recognizance in the amount for which the nonresident transfer or applicant was liable on the bail bond or recognizance.


FULL TEXT

HISTORY