Serving Missouri with timely information about issues of the bail bond industry.

Although Missouri Bondsman encourages debate on topics of interest to the bail industry, please be aware that comments are moderated. Please observe the posting rules. No comments will be printed that contain spam, profanity, or libelous comments. Please post comments in a civil, professional manner.

Sunday, January 27, 2008

DIFP Issues Advisory on Fictitious Names

On January 18th, the Consumer Affairs Division of the DIFP issued an advisory regarding the use of fictitious names and the filing of monthly affidavits.

The advisory states that all general agents must submit a voided copy of the power of attorney used in executing bail bonds by February 28th. The advisory states that paperwork submitted to the courts, law enforcement or the DIFP shall not contain a DBA, marketing name, or fictitious name, and should only include the name of the licensee. (emphasis by DIFP) The advisory states that there have been a number of issues regarding the use of fictitious names on power of attorney forms used to execute bail bonds. The DIFP advises that any licensing or renewal application containing a fictitious name will be returned for correction, thus “hampering the already time-consuming application process.”

The department advises that each general agent must file an affidavit between the first and tenth of each month informing the DIFP whether or not there are any outstanding judgments against the licensee.

The DIFP attached bulletin 06-03, which was issued in 2006, concerning the use of fictitious names.

Post on fictitious names 10/11/2006

1 comment:

  1. This is relatively old enacted
    legislation, why are there still
    many generals allowed to continue
    operating under a ficticious name?

    ReplyDelete

Although Missouri Bondsman encourages debate on topics of interest to the bail industry, please be aware that comments are moderated. Please observe the posting rules. No comments will be printed that contain spam, profanity, or libelous comments. Please post comments in a civil, professional manner.

Sitemeter