Background Check and Disqualifications A clean background is crucial. You cannot have any felony convictions. If you have a felony on your record, you are automatically disqualified from becoming a bail bonds agent.
Training: Complete 8 hours of pre-licensing courses from an accredited Texas institution. Apprenticeship: Work under a licensed bail bondsman for at least a year. Financial Stability: Deposit $50,000 with your county treasurer and meet collateral requirements.
Starting a bail bondsman business is a very attractive venture especially if you understand the growth potential. There are no businesses in the industry that have captured a majority of the market share which means that it is still up for grabs.
It pays well Although you may not become rich over night while working as a bail bondsman, the earning potential in this career is great. For instance, a bail bondsman working as a part-time agent by just writing three or four bonds a month can make enough income to replace a full-time paying job.
Texas law requires every bondsman to take at least 8 hours of in-person classes approved by the state bar of Texas. Bondmen must also be age 18 or older. Further, any conviction for a misdemeanor involving moral turpitude or a felony will disqualify someone from being a bondsman.
The bond must meet the following requirements: Filed with TxDMV before a permit is issued. Issued and signed by a resident Texas agent or issued by a non-resident agent with a valid Texas insurance license on behalf of an authorized insurance company. Issued on Form 439 for $10,000.
You must meet all the legal requirements to operate a bail bonds company. Take the required classes and ensure they are approved by the state bar of Texas. You will also need to pass the national bail bond agent exam. Next, you'll need to work on registering your bail bonds business in Texas.