Oklahoma HB1708 amends definitions and requirements for bail bondsmen, including financial and residency criteria.
Oklahoma HB1708 modifies the definitions and requirements for bail bondsmen in the state. It specifies financial criteria, such as a minimum net worth of $50,000 for applicants and $150,000 for those with suspended or revoked licenses. The bill also mandates a deposit with the Insurance Commissioner and outlines conditions for transferring licenses. Residency requirements are adjusted, and the bill clarifies terms like "cash bondsman" and "professional bondsman." The changes take effect November 1, 2025.
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