Bill Text: TX SB1762 | 2019-2020 | 86th Legislature | Introduced

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Bill Title: Relating to the location of real property executed in trust for the issuance of a license as a bail bond surety.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2019-03-14 - Referred to Criminal Justice [SB1762 Detail]

Download: Texas-2019-SB1762-Introduced.html

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86R7470 MAW-D
By: Zaffirini S.B. No. 1762

A BILL TO BE ENTITLED
AN ACT
relating to the location of real property executed in trust for the
issuance of a license as a bail bond surety.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 1704.154(b), Occupations Code, is
amended to read as follows:
(b) The application must:
(1) be in a form and contain the information
prescribed by the board;
(2) state:
(A) the applicant's name, age, and address;
(B) if the applicant is a corporation, whether
the applicant is:
(i) chartered or admitted to do business in
this state; and
(ii) qualified to write fidelity, guaranty,
and surety bonds under the Insurance Code;
(C) the name under which the bail bond business
will be conducted, including a bail bond business that is conducted
by an agent of a corporation;
(D) each place, including the street address and
municipality, at which the business will be conducted; and
(E) the amount of cash or the cash value of a
certificate of deposit or cashier's check that the applicant
intends to deposit with the county treasurer if the applicant's
application is approved or, if the applicant is an individual
intending to execute nonexempt real property in trust to the board,
the value of the real property;
(3) if the applicant is an individual, be accompanied
by a list, as required by Section 1704.155, of nonexempt real
property located in this state that is owned by the applicant and
that the applicant intends to execute in trust to the board if the
applicant's application is approved; and
(4) be accompanied by:
(A) the applicant's complete, sworn financial
statement;
(B) the applicant's declaration that the
applicant will comply with this chapter and the rules adopted by the
board;
(C) three letters of recommendation, each from a
person who:
(i) is reputable; and
(ii) has known the applicant or, if the
applicant is a corporation, the agent designated by the corporation
in the application for at least three years;
(D) a $500 filing fee;
(E) a photograph of the applicant or, if the
applicant is a corporation, of the agent designated by the
corporation in the application;
(F) a set of fingerprints of the applicant or, if
the applicant is a corporation, of the agent designated by the
corporation in the application taken by a law enforcement officer
designated by the board;
(G) if the applicant is or has been licensed
under this chapter in another county:
(i) a list of each county in which the
applicant holds a license; and
(ii) a statement by the applicant, as of the
date of the application, of any final judgments that have been
unpaid for more than 30 days and that arose directly or indirectly
from a bail bond executed by the applicant as a surety or as an agent
for a surety; and
(H) if the applicant is a corporation, a
statement by the designated agent, as of the date of the
application, of any final judgments that have been unpaid for more
than 30 days and that arose directly or indirectly from any bond
executed by the agent as a surety or as an agent for a surety.
SECTION 2. Section 1704.154, Occupations Code, as amended
by this Act, applies only to an application for a bail bond surety
license that is submitted on or after the effective date of this
Act. An application submitted before the effective date of this Act
is governed by the law in effect on the date the application was
submitted, and the former law is continued in effect for that
purpose.
SECTION 3. This Act takes effect September 1, 2019.