S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  7057

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                             April 30, 2013
                               ___________

Introduced  by  M.  of  A.  SEPULVEDA  --  read once and referred to the
  Committee on Insurance

AN ACT requiring the commissioner of financial  services  to  conduct  a
  study  to identify problems and concerns regarding the bail bond busi-
  ness and to present his or her findings to the legislature

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1. a. The commissioner of financial services shall, within 90
days of the effective date of this act,  conduct  a  study  to  identify
problems  and  concerns  regarding  the bail bond business as defined in
section 6801 of the insurance law. The study is  to  identify  necessary
improvements  and  clarifications  to  current  regulations and statutes
related to the rights of defendants who utilize the bail bond business.
  b. Upon completion of the study,  the  commissioner  shall  prepare  a
report with the department's suggestions for regulatory and/or statutory
changes  necessary  to improve and clarify current regulations and stat-
utes related to the rights of defendants who utilize the bail bond busi-
ness as defined in section 6801 of the insurance law.
  c. Upon completion of the report,  the  commissioner  or  her  or  his
designated  hearing  officer shall hold a public hearing in that area in
order to afford an opportunity for any person to  propose  additions  or
deletions  from  the report recommendations and shall assure that copies
of the report are available for public inspection and a copy  posted  to
the department's website.
  d.  The  commissioner  of financial services shall give notice of such
hearing by certified mail not less than 30 days prior to  the  date  set
for such hearing to all relevant stakeholders including, but not limited
to, any person, firm or corporation, or officer, employee or agent ther-
eof, licensed under section 6801 of the insurance law, all county funded
public defenders and legal aid societies, the district attorney for each

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02989-01-3

              

A. 7057                             2

county  and  a  representative  appointed by chief judge of the New York
state court of appeals.
  e.  The  commissioner  shall  also cause notice of such hearing, to be
published at least once, not more than 30 days nor fewer than  10  days,
in  newspapers  which  have  a general circulation in each county of the
state before the date set for such hearing.
  f. Upon completion of the public hearing, the commissioner shall pres-
ent his or her findings to the legislature no later than 60  days  after
the completion of the public hearing.
  S 2. This act shall take effect immediately.