C.R.S. Section 10-23-109
Business practices

  • price limits
  • collateral

(1)

A professional cash-bail agent or cash-bonding agent shall not charge a premium or commission of more than the greater of fifty dollars or fifteen percent of the amount of bail furnished. A professional cash-bail agent or cash-bonding agent shall not assess fees for any bail bond posted by the agent with the court unless the fee is for payment of a bail bond filing charged by a court or law enforcement agency, the fee is for the actual cost of storing collateral in a secure, self-service public storage facility, or the fee is for premium financing.

(2)

If a professional cash-bail agent or cash-bonding agent has issued a disclosure statement in accordance with section 10-23-108 (2)(b), the agent may use collateral received from the defendant or indemnitor to secure the following obligations:

(a)

Compliance with the bond issued on behalf of the principal;

(b)

Any balance due on the premium, commission, or fee for the bail bond; and

(c)

Any actual costs incurred by the professional cash-bail agent or cash-bonding agent as a result of issuing the bail bond.

Source: Section 10-23-109 — Business practices - price limits - collateral, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-10.­pdf (accessed Oct. 20, 2023).

Green check means up to date. Up to date

Current through Fall 2024

§ 10-23-109’s source at colorado​.gov