Colorado Legislative Council Staff
NO FISCAL IMPACT
March 18, 1998
Will Meyer (866-4976)
TITLE: CONCERNING BAIL BONDING AGENTS.
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.
Regulatory Agencies Judicial Branch