New York City Council Header
File #: Int 0510-2018    Version: Name: Disclosure of premium or compensation charged by bail bond agents.
Type: Introduction Status: Enacted
Committee: Committee on Consumer Affairs and Business Licensing
On agenda: 2/14/2018
Enactment date: 8/6/2018 Law number: 2018/142
Title: A Local Law to amend the administrative code of the city of New York, in relation to disclosure of premium or compensation charged by bail bond agents
Sponsors: Rory I. Lancman, Rafael L. Espinal, Jr., Andrew Cohen, Carlina Rivera , Brad S. Lander
Council Member Sponsors: 5
Summary: This bill would set up a complaint mechanism at the Department of Consumer Affairs for consumers of bail bond services to report violations of the maximum allowed bail bond premiums set by the New York Insurance Law. It would also require the Department to refer those violations to the Police Department for enforcement.
Attachments: 1. Summary of Int. No. 510-A, 2. Summary of Int. No. 510, 3. Int. No. 510, 4. February 14, 2018 - Stated Meeting Agenda, 5. Proposed Int. No. 510-A - 5/2/18, 6. Committee Report 5/2/18, 7. Hearing Testimony 5/2/18, 8. Hearing Transcript 5/2/18, 9. Proposed Int. No. 510-B - 7/17/18, 10. Committee Report 7/17/18, 11. Hearing Transcript 7/17/18, 12. July 18, 2018 - Stated Meeting Agenda with Links to Files, 13. Hearing Transcript - Stated Meeting 7-18-18, 14. Int. No. 510-B (FINAL), 15. Fiscal Impact Statement, 16. Mayor's Letter, 17. Local Law 142, 18. Minutes of the Stated Meeting - July 18, 2018
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
8/7/2018BRory I. Lancman City Council Recved from Mayor by Council  Action details Meeting details Not available
8/6/2018BRory I. Lancman Mayor Signed Into Law by Mayor  Action details Meeting details Not available
8/6/2018BRory I. Lancman Mayor Hearing Held by Mayor  Action details Meeting details Not available
7/18/2018BRory I. Lancman City Council Sent to Mayor by Council  Action details Meeting details Not available
7/18/2018BRory I. Lancman City Council Approved by CouncilPass Action details Meeting details Not available
7/17/2018*Rory I. Lancman Committee on Consumer Affairs and Business Licensing Hearing Held by Committee  Action details Meeting details Not available
7/17/2018*Rory I. Lancman Committee on Consumer Affairs and Business Licensing Amendment Proposed by Comm  Action details Meeting details Not available
7/17/2018*Rory I. Lancman Committee on Consumer Affairs and Business Licensing Amended by Committee  Action details Meeting details Not available
7/17/2018BRory I. Lancman Committee on Consumer Affairs and Business Licensing Approved by CommitteePass Action details Meeting details Not available
5/2/2018*Rory I. Lancman Committee on Justice System Laid Over by Committee  Action details Meeting details Not available
5/2/2018*Rory I. Lancman Committee on Justice System Amendment Proposed by Comm  Action details Meeting details Not available
5/2/2018*Rory I. Lancman Committee on Justice System Hearing Held by Committee  Action details Meeting details Not available
5/2/2018*Rory I. Lancman Committee on Consumer Affairs and Business Licensing Laid Over by Committee  Action details Meeting details Not available
5/2/2018*Rory I. Lancman Committee on Consumer Affairs and Business Licensing Amendment Proposed by Comm  Action details Meeting details Not available
5/2/2018*Rory I. Lancman Committee on Consumer Affairs and Business Licensing Hearing Held by Committee  Action details Meeting details Not available
2/14/2018*Rory I. Lancman City Council Referred to Comm by Council  Action details Meeting details Not available
2/14/2018*Rory I. Lancman City Council Introduced by Council  Action details Meeting details Not available

Int. No. 510-B

 

By Council Members Lancman, Espinal, Cohen and Lander

 

A Local Law to amend the administrative code of the city of New York, in relation to disclosure of premium or compensation charged by bail bond agents

 

Be it enacted by the Council as follows:

Section 1. Chapter 5 of title 20 of the administrative code of the city of New York is amended by adding a new section 20-832 to read as follows: 

§ 20-832 Disclosure of premium or compensation for bail bond services. a. A bail bond agent shall post in a conspicuous manner, at the location where transactions are executed, a sign, to be produced by the department and made available online, that shall contain, at a minimum, the following information:

1. A list of the maximum premium or compensation that can be charged for giving bail bond or depositing money or property as bail under section 6804 of the insurance law;

2. That such premium or compensation represents the maximum amounts, excluding collateral, that a bail bond agent can charge for services;

3. That a consumer is entitled to receive and must sign a consumer bill of rights before entering a contract with a bail bond agent; and 

4. That a consumer may make a complaint to the department or the relevant state agencies as illustrated in the consumer bill of rights.

b. The department shall make information available to inform consumers of their right to make a complaint to the department or the relevant state agencies when a bail bond agent charges more than the maximum premium or compensation permitted under section 6804 of the insurance law.

§ 2. Chapter 5 of title 20 of the administrative code of the city of New York is amended by adding a new section 20-833, to read as follows: 

§ 20-833 Rules. The department is authorized to promulgate such rules as it deems necessary to implement and enforce the provisions of this subchapter.

§ 3.  This local law takes effect 180 days after it becomes law, except that the commissioner of consumer affairs may take such measures as are necessary for the implementation of this local law, including the promulgation of rules, before such date.

 

NJC/ZH/BAM

LS #156

LS #9948/Int. 1679/2017

7/5/2018