Amends TCA Title 40.
Tennessee HB0528 amends existing laws regarding premium fees charged by professional bail bondsmen and bonding agents, establishing a minimum premium fee of 5% of the face amount of the bond while maintaining a maximum of 10%. The bill affects individuals utilizing bail bond services, particularly those with criminal appearance bonds, and introduces provisions requiring that premium fees be assessed in equal installments, with at least 50% due at the time the bond is signed. Additionally, it revises the notification requirements provided to individuals receiving bail bonds to reflect these changes.
Tennessee HB0528 amends existing laws regarding premium fees charged by professional bail bondsmen and bonding agents, establishing a minimum premium fee of 5% of the face amount of the bond while maintaining a maximum of 10%. The bill affects individuals utilizing bail bond services, particularly those with criminal appearance bonds, and introduces provisions requiring that premium fees be assessed in equal installments, with at least 50% due at the time the bond is signed. Additionally, it revises the notification requirements provided to individuals receiving bail bonds to reflect these changes.
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