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.