S508 - Amend Bail Bond/Collection Agency/Criminal Mediation Laws. (SL 2016-107)

Overview: S.L. 2016-107 makes the following changes to laws relating to bail bonds, collection agencies, and mediation of misdemeanor criminal cases:

• Terminates a surety's obligation under a bail bond under specified circumstances.
• Requires a bond forfeiture judgment to be paid in full before any professional bail bondsman, runner or bail agent listed on that bond can sign any other bond elsewhere in the State.
• Expands the Commissioner of Insurance's disciplinary authority over bail bondsmen and runners.
• Updates and modernizes certain laws related to collection agencies.
• Amends procedures for mediation of certain misdemeanor criminal cases.

This act has various effective dates. Please see the full summary for more detail.