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Committee backs bill barring compensated sureties from loaning initial portion of appearance bond premium
Summary
The committee recommended Senate Bill 244 favorably. The bill would prohibit a compensated surety from making loans to cover the initial 5% of a minimum appearance bond premium and would require any such loan to come from a licensed lender unaffiliated with the surety.
The Senate Judiciary Committee voted to recommend Senate Bill 244 favorably for passage. The motion was made by Senator Titus and seconded by Senator Klempe; the committee approved the recommendation by voice vote.
Committee staff reminded members that last year the Legislature established a minimum appearance bond premium of 10…
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