Bail bondsmen; requirements for property bail bondsmen, suspension of license. (HB174)

Introduced By

Del. Barry Knight (R-Virginia Beach)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Bail bondsmen; requirements for property bail bondsmen; suspension of license.  Provides that a property bail bondsman or his company must own the real estate that serves as the collateral on his bonds. The bill also provides that a property bail bondsman shall not enter into a bond if the penalty of such bond and all other outstanding bonds for which he is liable exceeds the true market value of the equity in the real estate. Current law provides that such penalty for which the property bail bondsman is liable cannot exceed four times the true market value of the equity in the real estate. The bill further provides that a property bail bondsman's license shall be suspended if he has not paid any forfeiture of bond within 60 days after notice of a final court order. Read the Bill »


Bill Has Failed


01/09/2012Prefiled and ordered printed; offered 01/11/12 12103147D
01/09/2012Referred to Committee on General Laws
01/13/2012Assigned GL sub: #1 Housing
01/16/2012Referred from General Laws
01/16/2012Referred to Committee for Courts of Justice
01/17/2012Assigned Courts sub: #1 Criminal
01/18/2012Subcommittee recommends laying on the table
02/14/2012Left in Courts of Justice


EvanC writes:

This bill is just what we need, more oppressive and needless government regulation. How about we stop introducing legislation that kills businesses and causes Virginians to lose jobs?

Suretybail writes:

This bill needs to be called the "Freedom Bail Bonds Bail Out" Bill. You give money and you pay to buy votes to screw over all the little players. It is all just a game. So much for everyone working together over the past two years. When you can't compete honestly you go legislatively.

notpatedmonson writes:

I find it odd that two fired from a bail company and the other who used to put up property for a bail agency can try to take over an entire industry. Pat Edmonson and Dale Race should be ashamed of themselves. She obviously needs the money she is making off of this gig to afford all her makeup. This time the clown ain't funny!!!!

Cindy Johnson-Carter writes:

This is a HORRIBLE bill.

I understand this bill will cost hundreds of Virginia jobs... like we can afford to lose anymore.

VOTE NO on this bill!

Rodney Lewis writes:

I am not a bail bondsman. I just saw that this was the top issue on Richmond Sunlight. I don't agree with government encroaching on business like this. It smells dirty. People need to fight it.

ann writes:

With approximately 350 bail bonds persons in Virginian paying a thousand dollars for licenses every two years that's a revenue loss of thirty five thousand dollars to the state. Why cut the states throat? Some things are best left alone. Loss of revenue and jobs are not what the state needs nor the people.

Crossroads Bail Bonds LLP writes:

It is out constitutional right to bail.