Friday, May 25, 2007

Bail Bonds News Roundup, May 18, 2007

Bail Bonds News Roundup, May 18, 2007 - Bail Bond Agent Directory: "Over the past week, the staff were spending extra time around the water cooler, catching up on the news stories from the industry. This past week, the stories that caught our attention were:

Experts in CT Continue to Call For Wide-Spread Bail System Reforms
CONNECTICUT - In Connecticut, state prosecutors, bail industry spokesmen, and law enforcement officials urged lawmakers all agree on one thing: the bail system in the state needs to change, since competition in the industry is creating a dangerous scenario, whereby bond companies undercut legal rates. This past Monday, bail bond experts asked lawmakers to make changes to the system, saying that the usual practice requiring defendants to pay 7-10% of the amount of their bail to a bondsman has fallen by the wayside. Many companies now offer bail bonds for only 2-3% of the bail amount, leading judges to set higher bails. State Rep. Michael P. Lawlor, D-East Haven, part of the legislature's Judiciary Committee, has said reforms to the system could be approved as part of Connecticut's budget. The reform would switch regulation of the system to the Department of Public Safety and bondsmen not adhering to state requirements would face criminal penalties and up to two years in prison. (New Haven Register, May 15, 2007)"

Read the entire article by clicking below:
Bail Bonds news Roundup, May 18, 2007

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