Ala. Admin. Code r. 153-X-6-.02

Current through Register Vol. 43, No. 1, October 31, 2024

Section 153-X-6-.02 - Return Of Excess Collateral On Forfeiture

(1) If collateral received is in excess of the bail forfeited, such excess shall be returned to the client immediately after the collateral is applied to the forfeiture.

(2) Documented and reasonable expenses incurred due to a breach of the contract or Court Order may be deducted from the collateral, if the Court does not allow a remission from the sum specified in the bail bond.

Ala. Admin. Code r. 153-X-6-.02

Adopted by Alabama Administrative Monthly Volume XXXVIII, Issue No. 09, June 30, 2020, eff. 8/14/2020.

Author: Alabama Professional Bail Bonding Board

Statutory Authority:Code of Ala. 1975, § 15-13-207.