§804-62 Limit of compensation; penalty.

229 words·~1 min read·/hi/chapter-804/804-62

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)The amount of compensation which may be collected on any bail bond or bond to keep the peace by one or more persons acting as sureties thereon shall not exceed a one time only fee from five to fifteen per cent of the amount thereof, but need not be less than $50 in any event; provided that additional fees, subject to subsection (b), may be collected for:

(1)The posting of a surety insurance bond as defined in section 431:1-210(1);

(2)The posting of a bond on behalf of a person whose case is pending appeal; or

(3)The posting of a bond in which more than one year has passed since the filing thereof.

(b)The compensation collected pursuant to sections 804-62(a)(2) and (a)(3), in any year after the first year, may be collected annually, and:

(1)Shall be charged on a prorated basis; and

(2)Shall not exceed the percentage charged in the first year.

(c)Every person holding a license to act as surety on any bail bond or bond to keep the peace who violates this section shall be fined not more than $250 and shall forfeit the license and shall not be entitled to receive a similar license for a period of one year thereafter. [L 1990, c 164, pt of §3; am L 1993, c 181, §3]