235.09.1-30. Unpaid Forfeitures and Misconduct; License Sanctions
AR ADC 235.09.1-30Arkansas Administrative CodeEffective: July 1, 2020
Effective: July 1, 2020
Ark. Admin. Code 235.09.1-30
Formerly cited as AR ADC 164.00.1-27
235.09.1-30. Unpaid Forfeitures and Misconduct; License Sanctions
B. When a final civil judgment of forfeiture is entered as to a bail bond issued by a licensee by a court of competent jurisdiction and the judgment is not paid within ninety (90) days thereafter and is forwarded to the Board pursuant to Ark. Code Ann. Section 17-19-208(b)(1), the Board shall notify the licensee involved by certified mail. If the forfeiture judgment remains unpaid for ten (10) days following issuance of notice, the Board may administratively suspend the license and make claim against the licensee's security deposit up to the allowable amount of ten thousand dollars ($10,000.00).
Credits
Amended July 1, 2020.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 235.09.1-30, AR ADC 235.09.1-30
End of Document |