Colorado Legislative Council Staff


Drafting Number:

Prime Sponsor(s):

LLS 98-838

Rep. Reeser


Bill Status:

Fiscal Analyst:

March 18, 1998

House SVMA

Will Meyer (866-4976)



Summary of Assessment

            The provisions of this bill would increase the prelicensure education requirement for bail bonding agents from 8 to 80 hours. The bill also would repeal the requirement that the Division of Insurance, Department of Regulatory Agencies, (the agency of the state that regulates bail bonding agents) suspend the license of a bail bonding agent with outstanding forfeited cash bond. Instead, it would prohibit the courts from accepting a bond from any bail bonding agent, cash bonding agent, or surety if the court has entered judgment against such agent or surety on a forfeited bond and such judgment remains unpaid after a specified period of time. The bill would become effective upon signature of the Governor.

            The provisions of this bill would not have a significant impact on any agency of the state, or unit of local government. Therefore, this bill is assessed as having no fiscal impact.

Departments Contacted

            Regulatory Agencies              Judicial Branch