Fla. Admin. Code Ann. R. 69B-221.135 - Collateral Security Requirements

(1) No bail bond agent may accept collateral security or other indemnity of any type in an individual or aggregate amount totaling in excess of $50,000 cash per bond, except as provided by Section 648.442, F.S.

(2) The meaning of "any other type of security approved by the department" in Section 648.442, F.S., is defined to include only the following:

(a) Shares of stock of a close corporation;

(b) Patents, copyrights or trademarks; or

(c) A certificate of title for a new motor vehicle or used motor vehicle, as defined in Section 319.001, F.S.

Notes

Fla. Admin. Code Ann. R. 69B-221.135

Rulemaking Authority 624.308, 648.26 FS. Law Implemented 648.442 FS.

New 12-23-82, Formerly 4-1.142, Amended 9-10-91, Formerly 4-1.0142, Amended 4-14-97, Formerly 4-221.135, Amended by Florida Register Volume 50, Number 231, November 26, 2024 effective 12/9/2024.

New 12-23-82, Formerly 4-1.142, Amended 9-10-91, Formerly 4-1.0142, Amended 4-14-97, Formerly 4-221.135.