2011 Missouri Revised Statutes
TITLE XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 374 Registration
Section 374.716. Accounting required, when--records submitted to director--bail contract provided to principal.
Accounting required, when--records submitted to director--bail contract provided to principal.
374.716. 1. Every bail bond agent shall account for each power of attorney assigned by the general bail bond agent on a weekly basis and remit all sums collected and owed to the general bail bond agent pursuant to his or her written contract. The general bail bond agent shall maintain the weekly accounting and remittance records for a period of three years. Such records shall be subject to inspection by the director or his or her designee during regular business hours or at other reasonable times.
2. For every bond written in this state, the licensee shall provide to the principal a copy of the bail contract.
(L. 2004 S.B. 1122)Effective 1-01-05
Annotation Copyright Missouri Joint Committee on Legislative Research
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