Bill Text: NY S00506 | 2013-2014 | General Assembly | Introduced

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Bill Title: Requires the commissioner of financial services to conduct a study to identify problems and concerns regarding the bail bond business and to present his or her findings to the legislature.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2014-01-08 - REFERRED TO INSURANCE [S00506 Detail]

Download: New_York-2013-S00506-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                          506
                              2013-2014 Regular Sessions
                                   I N  S E N A T E
                                      (PREFILED)
                                    January 9, 2013
                                      ___________
       Introduced by Sen. ESPAILLAT -- read twice and ordered printed, and when
         printed to be committed 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:
    1    Section 1. a. The commissioner of financial services shall, within  90
    2  days  of  the  effective  date  of this act, conduct a study to identify
    3  problems and concerns regarding the bail bond  business  as  defined  in
    4  section  6801  of  the insurance law. The study is to identify necessary
    5  improvements and clarifications  to  current  regulations  and  statutes
    6  related to the rights of defendants who utilize the bail bond business.
    7    b.  Upon  completion  of  the  study, the commissioner shall prepare a
    8  report with the department's suggestions for regulatory and/or statutory
    9  changes necessary to improve and clarify current regulations  and  stat-
   10  utes related to the rights of defendants who utilize the bail bond busi-
   11  ness as defined in section 6801 of the insurance law.
   12    c.  Upon  completion  of  the  report,  the commissioner or her or his
   13  designated hearing officer shall hold a public hearing in that  area  in
   14  order  to  afford  an opportunity for any person to propose additions or
   15  deletions from the report recommendations and shall assure  that  copies
   16  of  the  report are available for public inspection and a copy posted to
   17  the department's website.
   18    d. The commissioner of financial services shall give  notice  of  such
   19  hearing  by  certified  mail not less than 30 days prior to the date set
   20  for such hearing to all relevant stakeholders including, but not limited
   21  to, any person, firm or corporation, or officer, employee or agent ther-
   22  eof, licensed under section 6801 of the insurance law, all county funded
   23  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
       S. 506                              2
    1  county and a representative appointed by chief judge  of  the  New  York
    2  state court of appeals.
    3    e.  The  commissioner  shall  also cause notice of such hearing, to be
    4  published at least once, not more than 30 days nor fewer than  10  days,
    5  in  newspapers  which  have  a general circulation in each county of the
    6  state before the date set for such hearing.
    7    f. Upon completion of the public hearing, the commissioner shall pres-
    8  ent his or her findings to the legislature no later than 60  days  after
    9  the completion of the public hearing.
   10    S 2. This act shall take effect immediately.