SECTION 365:25-5-37. Usual and customary records

(a)   Every bail bondsman shall maintain records at his/her place of business for a period of three (3) years immediately following the date the bondsman's liability on the bond is discharged by the court or the date collateral is returned to its lawful owner, whichever is later.

(b)   If an appearance bond is never executed and filed with the court, then all records shall be maintained for three (3) years immediately following the date the document is prepared.

(c)   Records shall be readily available for inspection to the Commissioner at any time during business hours and shall include, but not be limited to:

(1)   bail bond application,

(2)   indemnity agreement,

(3)   promissory note,

(4)   credit agreement,

(5)   copies of deeds or mortgages received or released,

(6)   description of personal properties received or released,

(7)   accounting of monies received and receipted,

(8)   copy of appearance bond,

(9)   copy of individually numbered power of attorney,

(10)   picture of defendant, and

(11)   bank records on escrow accounts.

[Source: Added at 10 Ok Reg 1483, eff 5-1-93; Amended at 33 Ok Reg 1711, eff 9-15-16]