Bill > S07475

This bill regulates immigration bail businesses in New York, including restrictions on who may operate such a business and who may bring an action against an immigration bail business. Specifically, the bill: 1) Defines an "immigration bail business" as any person, firm, corporation, or other entity that deposits money or property as bail or executes as surety any bond in more than two immigration cases within one month, and requires such businesses to be authorized and licensed to operate in the state. 2) Prohibits insurance producers from requiring the use of electronic monitoring devices as a condition of immigration bail or making referrals to legal service providers without certain disclosures. 3) Caps the premium that can be charged for immigration bonds or bail deposits, and prohibits any additional fees or compensation beyond the authorized premium. The bill also includes severability and effective date provisions.

Budget and Finance, Business and Industry

https://www.nysenate.gov/legislation/bills/2021/S7475