| Notice Filed with SOS |
07/13/2012 |
| Rule |
ProposedRuleAttach2012-00637.DOC |
| Statutory Authority |
10-1-109, and 10-23-105 |
| Description of Subjects/Issues |
7-1-2 CASH-BONDING AGENT AND PROFESSIONAL CASH-BAIL AGENT CASH QUALIFICATION BOND REQUIREMENTS AND PROVISIONS FOR RELEASE OF QUALIFICATION BOND |
| Purpose/Objective of Rule |
Pursuant to § 10-23-105, C.R.S., Cash-Bonding Agents and Professional Cash-Bail Agents are required to post a cash qualification bond in the amount of $50,000 to secure payment of defaulted bonds and to pay any final, non-appealable judgment for failure to return collateral, including costs and attorney's fees, if awarded. This regulation sets forth the terms and conditions for such qualification bonds including the procedures required release of the qualification bond. |
| Comments |
Mike Conway, Todd Larson |
| Submitted in response to issues raised by COLS/OLLS? |
No
|
| Is this rule adopted in response to recent legislation? |
|
| Hearing Date |
08/16/2012 |
| Hearing Time |
10:00 AM |
| Hearing Location |
1560 Broadway Suite 850 Denver CO 80202 |
| Contact Name |
Christine Gonzale-Ferrer |
| Contact Title |
Rulemaking Coordinator |
| Contact Telephone |
303-894-2157 |
| Contact email |
christine.gonzales-ferrer@dora.state.co.us |