HB 628 -- Bail Bond Agents

Sponsor:  Yates

Beginning August 28, 2009, this bill requires a person licensed
as an active bail bond agent to hold that license for a period of
at least four years prior to owning or being an officer of a
licensed general bail bond agent.  When applying for license
renewal, a general bail bond agent licensed prior to August 28,
2009, must have completed at least two years as a bail bond agent
and possess at least $10,000 in liquid assets along with an
executed assignment of $10,000 to the state.  For a general bail
bond agent licensed on or after August 28, 2009, he or she must
have completed four years as a bail bond agent and possess
$50,000 in liquid assets along with an executed assignment of
$50,000 to the state.  In addition, the general bail bond agent
must execute an assignment of $5,000 for each bail bond agent
licensed under his or her authority on or after August 28, 2009.

The bill also removes the provision allowing a person to apply
for licensure as a bail bond agent after 15 years from a final
adjudication or plea of guilty or nolo contendere in a criminal
prosecution.

Missouri House of Representatives
95th General Assembly, 1st Regular Session
Last Updated November 17, 2009 at 9:25 am