Louisiana Administrative Code
Title 37 - INSURANCE Part
Part XIII - Regulations
Chapter 187 - Regulation 123-Producer Responsibility for Bail Bond Collateral
Section XIII-18715 - Deductions from Collateral

Universal Citation: LA Admin Code XIII-18715

Current through Register Vol. 50, No. 9, September 20, 2024

A. Only the premium amounts, fees, and expenses authorized pursuant to R.S. 22:1443, or as otherwise permitted in accordance with applicable state law, shall be recoverable by any bail bond producer or surety. No fee or other charge of any nature shall be deducted from the collateral due or charged in association with the storage or keeping of the collateral by the bail bond producer or surety.

B. A documented and itemized list of any such fees or expenses shall be given to the person who pledged the collateral. A copy of such documentation and itemization shall also be available to the Commissioner upon his request.

AUTHORITY NOTE: Promulgated in accordance with R.S. 22:2, 22:11, 22:1542, 22:1547, 22:1554, 22:1562, and the Administrative Procedure Act, R.S. 49:950, et seq.

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