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Sunday, January 6, 2008

13th Circuit Issues Order on Posting Bonds

The Thirteenth Judicial Circuit has recently issued an administrative order regarding the posting of surety bonds. The order requires that:

A) All persons who act as surety must meet the requirements of Missouri Supreme Court Rule 33.17.
B) All persons who act as surety for compensation must also:
1) Meet the requirements of Missouri Supreme Court Rule 33.18.
2) Be licensed as a general agent or be licensed as a bail bond agent working under the authority of a licensed general agent. A current copy of the license should be kept on file w/ the Circuit Clerk.
3) File a General Affidavit of Qualification and a General Affidavit-Questionnaire on the forms provided by the Circuit Clerk. The forms used by the court are the Missouri Supreme Court forms from the links above.
4) File with each bond a Special Affidavit of Qualification on the form provided by the Clerk.
C) The Court shall determine whether an individual meets the qualifications to post a bond on a case by case basis, based on information provided by the individual desiring to act as surety, and any other information which may be available to the Court. The Circuit Clerk should be contacted before a surety bond in excess of $250,000 is accepted.
D) The Court may require additional collateral on any bond when it appears from the information available to the Court that the surety is without sufficient assets to cover the bond requested and all outstanding bonds for which the surety is liable.

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