Return Of Excess Collateral On Forfeiture

153-X-6-.02 Return Of Excess Collateral On Forfeiture.

(1) If collateral received is in excess of the bail forfeited, such excess shall be returned to the client immediately after the collateral is applied to the forfeiture.

(2) Documented and reasonable expenses incurred due to a breach of the contract or Court Order may be deducted from the collateral, if the Court does not allow a remission from the sum specified in the bail bond. Author: Alabama Professional Bail Bonding Board Statutory Authority: Code of Ala. 1975, §15-13-207. History: New Rule: Published June 30, 2020; effective August 14, 2020; operative upon approval by Joint Committee on November 10, 2020.