Amends TCA Title 40.
Tennessee SB0464 amends existing laws regarding bail bond premium fees, establishing that the minimum premium fee for a bond must be no less than 5% of the bond's face value, while maintaining a maximum of 10%. This legislation affects professional bail bondsmen and bonding agents, specifically regulating their fee structures for criminal appearance bonds. Key provisions include the requirement for bondsmen to accept premiums in equal installments and the revision of the notice provided to individuals receiving bail bonds to reflect these changes.
Tennessee SB0464 amends existing laws regarding bail bond premium fees, establishing that the minimum premium fee for a bond must be no less than 5% of the bond's face value, while maintaining a maximum of 10%. This legislation affects professional bail bondsmen and bonding agents, specifically regulating their fee structures for criminal appearance bonds. Key provisions include the requirement for bondsmen to accept premiums in equal installments and the revision of the notice provided to individuals receiving bail bonds to reflect these changes.
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