Virginia Administrative Code › Title 6 - CRIMINAL JUSTICE AND CORRECTIONS › Agency 20 - DEPARTMENT OF CRIMINAL JUSTICE SERVICES › Chapter 250 - REGULATIONS RELATING TO PROPERTY AND SURETY BAIL BONDSMEN › Part V - Recordkeeping Standards and Reporting Requirements › Section 6VAC20-250-230 - Reporting requirements

Current through Register Vol. 40, No. 24, July 15, 2024
A. Each
				  licensed bail bondsman shall report within 10 calendar days to the department
				  any change in his residence, name, business name or business address and ensure
				  that the department has the names and all fictitious names of all companies
				  under which he carries out his bail bonding business.
B. Each licensed bail bondsman arrested for a
				  felony shall submit a copy of the warrant of arrest within seven days to the
				  department.
C. Each licensed bail
				  bondsman arrested for or convicted of a felony shall report within 10 calendar
				  days to the department the facts and circumstances regarding the criminal
				  arrest or conviction.
D. Each
				  licensed bail bondsman shall report to the department, within 10 calendar days
				  of the final disposition, of the matter any administrative action taken against
				  him by another governmental agency in the Commonwealth or in another
				  jurisdiction. Such report shall include a copy of the order, consent to order
				  or other relevant legal documents.
E. Each licensed bail bondsman shall report
				  to the department within 24 hours any event in which he discharges a firearm
				  during the course of his duties.
F.
				  Each licensed property bail bondsman shall submit to the department, on a
				  prescribed form, not later than the fifth day of each month, a list of all
				  outstanding bonds on which he was obligated as of the last day of the preceding
				  month, together with the amount of the penalty of each such bond.
G. Each licensed property bail bondsman shall
				  report to the department any change in the number of agents in his employ
				  within seven days of such change and concurrently provide proof of collateral
				  of $200,000 for each new agent, in accordance with subsection C of § 9.1-185.5
				  of the Code of Virginia.
H. Each
				  licensed agent bail bondsman shall report to the department termination of his
				  employment within seven days of such termination.
I. Each licensed property bail bondsman shall
				  report to the department within five business days any change in legal
				  ownership or if any new lien, encumbrance, or deed of trust is placed on any
				  real estate that is being used as collateral on his or his agents' bonds as
				  well as the amount it is securing. The reporting requirement deadline is deemed
				  to begin as soon as the licensed property bail bondsman learns of any change in
				  legal ownership or of the new lien, encumbrance, or deed of trust, or should
				  have reasonably known of the change in legal ownership or that such a lien,
				  encumbrance, or deed of trust had been recorded.
J. Each licensed surety bail bondsman shall
				  report to the department within 30 days any change in his employment or agency
				  status with a licensed insurance company. If the surety bail bondsman receives
				  a new qualifying power of attorney from an insurance company, he shall forward
				  a copy thereof within 30 days to the department, in accordance with subdivision
				  D 2 of § 9.1-185.5 of the Code of Virginia.
Statutory Authority: §§ 9.1-102 and 9.1-185.2 of the Code
						of Virginia.