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A BILL TO BE ENTITLED
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AN ACT
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relating to the location of real property executed in trust for the |
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issuance of a license as a bail bond surety. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 1704.154(b), Occupations Code, is |
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amended to read as follows: |
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(b) The application must: |
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(1) be in a form and contain the information |
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prescribed by the board; |
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(2) state: |
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(A) the applicant's name, age, and address; |
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(B) if the applicant is a corporation, whether |
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the applicant is: |
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(i) chartered or admitted to do business in |
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this state; and |
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(ii) qualified to write fidelity, guaranty, |
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and surety bonds under the Insurance Code; |
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(C) the name under which the bail bond business |
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will be conducted, including a bail bond business that is conducted |
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by an agent of a corporation; |
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(D) each place, including the street address and |
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municipality, at which the business will be conducted; and |
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(E) the amount of cash or the cash value of a |
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certificate of deposit or cashier's check that the applicant |
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intends to deposit with the county treasurer if the applicant's |
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application is approved or, if the applicant is an individual |
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intending to execute nonexempt real property in trust to the board, |
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the value of the real property; |
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(3) if the applicant is an individual, be accompanied |
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by a list, as required by Section 1704.155, of nonexempt real |
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property located in this state that is owned by the applicant and |
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that the applicant intends to execute in trust to the board if the |
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applicant's application is approved; and |
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(4) be accompanied by: |
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(A) the applicant's complete, sworn financial |
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statement; |
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(B) the applicant's declaration that the |
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applicant will comply with this chapter and the rules adopted by the |
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board; |
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(C) three letters of recommendation, each from a |
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person who: |
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(i) is reputable; and |
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(ii) has known the applicant or, if the |
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applicant is a corporation, the agent designated by the corporation |
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in the application for at least three years; |
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(D) a $500 filing fee; |
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(E) a photograph of the applicant or, if the |
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applicant is a corporation, of the agent designated by the |
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corporation in the application; |
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(F) a set of fingerprints of the applicant or, if |
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the applicant is a corporation, of the agent designated by the |
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corporation in the application taken by a law enforcement officer |
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designated by the board; |
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(G) if the applicant is or has been licensed |
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under this chapter in another county: |
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(i) a list of each county in which the |
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applicant holds a license; and |
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(ii) a statement by the applicant, as of the |
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date of the application, of any final judgments that have been |
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unpaid for more than 30 days and that arose directly or indirectly |
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from a bail bond executed by the applicant as a surety or as an agent |
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for a surety; and |
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(H) if the applicant is a corporation, a |
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statement by the designated agent, as of the date of the |
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application, of any final judgments that have been unpaid for more |
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than 30 days and that arose directly or indirectly from any bond |
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executed by the agent as a surety or as an agent for a surety. |
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SECTION 2. Section 1704.154, Occupations Code, as amended |
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by this Act, applies only to an application for a bail bond surety |
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license that is submitted on or after the effective date of this |
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Act. An application submitted before the effective date of this Act |
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is governed by the law in effect on the date the application was |
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submitted, and the former law is continued in effect for that |
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purpose. |
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SECTION 3. This Act takes effect September 1, 2019. |