Senator Spiros Mantzavinos’ bill to make clear the procedures and processes to be followed for Bail Bond Agents and their funders regarding their licensure passed the Senate last week unanimously, 21-0.
Senate Bill 102 states that individuals or businesses that loan or otherwise provide funds to bail agents for purposes of furnishing bail are themselves required to be licensed as bail agents if their funding constitutes a greater than 10% financial interest in the bail agent’s business or any individual bail bond.
Section 2 provides a definition of “financial interest” and revises the provision regarding background check requirements to permit applicants to submit federal background check requests electronically through SBI.
|Senate Bill 102 Sponsors||Yes Votes||No Votes|
|Mantzavinos, Gay||Passed Senate 21-0. Brown, Ennis, Gay, Hansen, Lockman, Mantzavinos, Paradee, Pinkney, Poore, S.McBride, Sokola, Sturgeon, Townsend, Walsh, Bonini, Hocker, Lawson, Lopex, Pettyjohn, RIchardson, Wilson|
|Current Status —||House Economic Everything 5/12/21|