Ind. Code § 27-10-1-8

Current through P.L. 171-2024

Section 27-10-1-8 - "Premium"

"Premium" means:

(1) currency issued by the United States of America paid to a bail agent prior to the execution of a bail bond;

(2) a check delivered to a bail agent prior to the execution of the bail bond that must be:

(A) properly payable when delivered; and

(B) deposited in the bail agent's bank account; or

(3) a credit card transaction if the bail agent:

(A) accepts the credit card; and

(B) obtains:

(i) authorization from the credit card issuer for the amount due; and

(ii) an approval number from the credit card issuer for the credit card transaction;

before the execution of the bail bond.

IC 27-10-1-8

As added by P.L. 261-1985, SEC.1. Amended by P.L. 224-1993, SEC.3; P.L. 348-1995, SEC.1.