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House approves reporting and audit bill for bail bond companies, requires quarterly filings
Summary
House Bill 785 (substituted to Senate Bill 1237) was approved to require quarterly reporting that will let courts and the Department of Revenue identify overextended bail bond companies and verify payment of per‑bond fees. Supporters said the change addresses gaps from self‑reporting; critics sought a statewide centralized system. The bill passed
The House passed legislation (House Bill 785, substituted for Senate Bill 1237) that requires quarterly reporting on bail bonds and creates an audit mechanism for the Department of Revenue to determine whether bond agents are overextended and whether required per‑bond fees have been paid.
Chairman Howell said the change responds to instances in which a bondsman licensed for a large exposure was later…
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