Friday, March 18, 2011

Proposed ‘Alternative Bond Program’ Threatens to Eliminate Colorado Bail Industry

Although the private bail industry in Colorado suspected that trouble was brewing, most everyone was still blindsided by the swift introduction of Senate Bill 11-186, a bill that could potentially do major damage to the livelihood of Colorado bail agents.

Simply put, SB 11-186 would likely put around 485 Colorado bail agents out of business, as well as eliminate the need for the eight surety companies that insure the bail agents. Those numbers are according to a recent article in the Denver Post.

Read more here on how SB 11-186 could affect the Colorado bail industry.

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