Int. No. 724-A
By The Speaker (Council Member Johnson) and Council Members Williams, Lancman, Van Bramer, Dromm, Powers, Levine, Espinal, Cohen, Rivera and Lander
Title
A Local Law to amend the administrative code of the city of New York, in relation to requiring that bail bond agents make certain disclosures
Body
Be it enacted by the Council as follows:
Section 1. Chapter 5 of Title 20 of the administrative code of the city of New York is amended by adding a new subchapter 20 to read as follows:
SUBCHAPTER 20
REQUIRED DISCLOSURES BY BAIL BOND AGENTS
? 20-830 Definitions. For purposes of this subchapter, the following terms have the following meanings:
Bail bond business. The term "bail bond business" means any bail or insurance business, as described in subsection a of section 6801 of the insurance law.
Bail bond agent. The term "bail bond agent" means any individual, corporation, or other entity that acts as an agent or solicitor of a bail bond business in soliciting, negotiating, or effectuating any deposit or bail bond by such bail bond business as referenced in subsection a of section 6802 of the insurance law.
Designated citywide languages. The term "designated citywide languages" means the top six limited English proficiency languages spoken by the population of the city as determined, by the department of city planning and the office of the language services coordinator.
Premium or compensation. The term "premium or compensation" means "premium or compensation" as this term is used in section 6804 of the insurance law.
? 20-831 Disclosures related to bail bonds. a. The department shall produce a consumer bill of rights regarding bail bond agents. The department shall provide the consumer bill of rights in a downloadable format on the department's website in English and in the designated citywide languages. The consumer bill of rights shall include, but need not be limited to, the following info...
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