10-23-109. Business practices - price limits - collateral

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.