760 Ind. Admin. Code 1-6.2-5

Current through October 31, 2024

Section 760 IAC 1-6.2-5 - Receipts for receiving and returning collateral

Authority: IC 27-10-2-1

Affected: IC 27-10-2-14

Sec. 5.

(a) When a bail agent accepts collateral, the agent shall give a written receipt. The receipt shall do the following:

(1) Identify the bond for which the collateral was received.

(2) Give a full description of the collateral.

(3) Name the individual giving the collateral.

(4) Specify the terms for redemption of the collateral.

(b) When a bail agent returns collateral, the agent shall give a written receipt. The receipt shall do the following:

(1) Identify the bond for which the collateral was received.

(2) Give a full description of the collateral returned.

(3) Include the signature of the person to whom the collateral was returned.

760 IAC 1-6.2-5

Department of Insurance; 760 IAC 1-6.2-5; filed Jul 28, 1994, 4:00 p.m.: 17 IR 2862; readopted filed Sep 14, 2001, 12:22 p.m.: 25 IR 530; filed Jun 30, 2006, 3:30 p.m.: 20060726-IR-760050133FRA; readopted filed Nov 21, 2012, 4:15 p.m.: 20121219-IR-760120454RFA

Readopted filed Nov 13, 2018, 10:02 a.m.: 20181212-IR-760180372RFA