Section R590-196-4 - Premium and Fee Standards(1) Initial bail bond premium and fees.(a) Bail bond premium amounts: (i) the minimum premium charged may not be less than 10% of the bail bond amount;(ii) the maximum premium charged may not exceed 20% of the bail bond amount.(b) A document preparation fee may not exceed $20 per set of forms relating to a bail bond.(c) A credit card fee may not exceed 5% of the amount charged to a credit card.(2) Additional fees. (a) Fees are limited to actual and reasonable expenses incurred by a surety insurer or a bail bond agency when: (i) the defendant fails to appear before the court at a designated date and time;(ii) the defendant fails to comply with a court order; or(iii) the defendant or the co-signer fails to comply with the terms of a bail bond agreement or a promissory note relating to that agreement.(b) Reasonable mileage expense fees are allowed pursuant to the Internal Revenue Service standard mileage rates for a business.(c) Reasonable apprehension expenses such as meals, lodging, commercial travel, and communication , regardless of whether the defendant is apprehended, are limited to actual expenses incurred and must be reasonable, for example, meals at mid-range restaurants, lodging at mid-range hotels, commercial travel in coach class, etc.(d) Collateral expense fees are allowed for:(i) actual expenses to obtain collateral; and (ii) storage expenses, if in a secured storage area, limited to actual expenses.(e) A late payment fee of $20 or 5% of the delinquent periodic payment, whichever is less, is allowed.(f) If a fee is charged by a court or a jail to process a bail bond, the actual fee charged may be passed through to the defendant or the co-signer.Utah Admin. Code R590-196-4
Amended by Utah State Bulletin Number 2022-12, effective 6/7/2022