Daily Briefs

Court to open mid-year application period for new bail bond agencies


The Oakland County Circuit Court will open a mid-year application period for new bail bond agencies that are not on the 2018 Bail Bondsman List and wish to apply and for those agencies currently on the list that wish to add additional agents. This mid-year application is currently open and will run through April 30, 2018. The updated list will become effective July 1, 2018. Anyone already approved for the January 1, 2018, list will not need to re-apply for the current year.

Pursuant to MCLA 750.167(b), the Judges of the Circuit Court are to annually compile and maintain an up-to-date list of the names of persons engaged in the business of becoming surety upon bonds for compensation in criminal cases. The statute states: “The list shall be compiled annually by the Judges of the Circuit Court of each Circuit, and the names of persons engaged in the business of becoming surety upon bonds for compensation shall be added to the list by the Judges upon proper application.” The Court will circulate the list to the appropriate agencies in accordance with the statute.

The Court Administrator has prepared two applications for bondsmen: one for persons backed by insurance and the other for persons backed by real property. Persons or businesses may apply for inclusion on the list under either category or both. (Statutory authority for this review appears in MCLA 765.20.)

Copies of the Bail Bondsman Application are available on the Oakland County website: http://www.oakgov.com/courts/circuit/Pages/form _application/default.aspx or available in the Court Administration Office.

The Court will only accept applications on the revised (03/2018) form. All applications must be submitted through the Court Administration Office, 1200 North Telegraph Road, Pontiac Michigan 48341, no later than April 30, 2018. For questions, contact Karen Koshen at 248-858-0296.

 

Jaffe lawyer to present on legal aspects of electronic payments
 

Holli Targan, partner and electronic payments expert at Jaffe Raitt Heuer & Weiss, P.C., will offer key legal insight during two speaking engagements at TRANSACT 18 on April 18. TRANSACT 18, the world’s largest payments technology event, is slated for April 17 – 19 at the Mandalay Bay in Las Vegas.

From 11 to 11:50 a.m., Targan will participate on the panel, “Mechanics of the PayFac Market,” part of the payment facilitator track. The panel will address PayFacs and key factors tied to risk management and requirements to ensure Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance, as well as technical security for use and utilization of payment card data. 

Targan will also present on “Compliance Concerns for Cutting Edge Fintechs, ISVs and ISOs,” part of the ETA Law School track sponsored by Jaffe. She will cover card brand qualification and requirements of payment facilitators and marketplaces, the current landscape of processing for cannabis merchants and money transmitter licensing requirements.

 Targan is chairperson of Jaffe’s Electronic Payments Group, specializing in payment systems law.  She counsels financial institutions and merchant-acquiring, fintech, mobile payments, electronic fund transfer, stored value card and money transmitter, businesses on contractual and compliance matters.

––––––––––––––––––––
Subscribe to the Legal News!
http://www.legalnews.com/Home/Subscription
Full access to public notices, articles, columns, archives, statistics, calendar and more
Day Pass Only $4.95!
One-County $80/year
Three-County & Full Pass also available