W. Va. Code R. § 114-103-7

Current through Register Vol. XLI, No. 50, December 13, 2024

Section 114-103-7 - Receipts for Collateral

7.1. When collateral security is received by a bail bondsman, a written receipt shall be furnished.

7.2. Receipts shall provide a full description of the collateral received and must:

7.2.1. Be prenumbered and used and provided in consecutive numerical order;

7.2.2. Show the name and address of the bail bondsman;

7.2.3. Show the name and address of the person providing the collateral;

7.2.4. Show the amount and nature of the collateral and the date received;

7.2.5. Show the name of the person accepting collateral; and

7.2.6. Show the total amount of the bond for which the collateral is being accepted, the name of the defendant, the criminal action number of the criminal proceeding, and the jurisdiction in which the criminal action is pending.

7.3. When collateral security is received in the form of cash or check or other negotiable instrument, the bail bondsman shall deposit the cash or instrument within five banking days after receipt, in an established, separate noninterest-bearing trust account in any bank located in West Virginia. The trust account funds under this subsection shall not be commingled with other operating funds of the bondsman.

W. Va. Code R. § 114-103-7