Colorado § 10-2-707 - Business practices - price limits - collateral.
Full text of Colorado Colorado Revised Statutes § 10-2-707 — Business practices - price limits - collateral., with citation guidance and answers to common questions.
§ 10-2-707. Business practices - price limits - collateral.
(1) An insurance producer who writes bail bonds shall not charge a premium or commission of more than the greater of fifty dollars or fifteen percent of the amount of bail furnished. An insurance producer who writes bail bonds shall not assess fees for any bail bond posted by the producer with the court unless the fee is for payment of a bail bond filing charged by a court or law enforcement agency, the fee is for the actual cost of storing collateral in a secure, self-service public storage facility, or the fee is for premium financing.
(2) If an insurance producer who posts the bail bond with the court has issued a disclosure statement in accordance with section 10-2-705 (2)(b), the producer may use collateral received from the defendant or indemnitor to secure the following obligations:
(a) Compliance with the bond issued on behalf of the principal;
(b) Any balance due on the premium, commission, or fee for the bail bond; and
(c) Any actual costs incurred by the insurance producer as a result of issuing the bail bond.
(3) Subject to section 16-4-110 (1)(c) and (2), a bail premium is earned in its entirety by a compensated surety upon the defendant's release from custody.
Source: L. 2012: Entire section added, (HB 12-1266), ch. 280, p. 1500, § 16, effective July 1. L. 2017: (3) added, (HB 17-1231), ch. 284, p. 1575, § 11, effective January 1, 2018.
PART 8
DISCIPLINARY ACTIONS
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 10-2-707
What does Colorado Revised Statutes § 10-2-707 cover?
Section 10-2-707 ("Business practices - price limits - collateral.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 10-2-707?
A common citation format is "Colorado Revised Statutes § 10-2-707" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 10-2-707 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.