2013 Idaho Statutes
Title 41 - INSURANCE
Chapter 10 - PRODUCER LICENSING
Section 41-1043 - COLLATERAL.
(2) All collateral received by a bail agent is received in a fiduciary capacity.
(3) Collateral received must be returned to the person who deposited the collateral with the bail agent within fourteen (14) days of the date notice is received that the obligation, the satisfaction of which was secured by collateral, is discharged.
(4) A copy of the order of the court wherein the bail or undertaking was ordered exonerated shall be deemed prima facie evidence of exoneration or termination of the liability.
(5) If a bail agent accepts collateral, the bail agent shall give a written receipt for the collateral to the person from whom the collateral was received. The receipt shall include a full and detailed accounting of the collateral received.
History:
[41-1043, added 2003, ch. 104, sec. 7, p. 330.]
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