- (a) A "secured" bail bond is one that is secured by a grant of an interest in identifiable, tangible property.
- (b) A promissory note, whether or not cosigned, will not be considered security.
- (c) A bail bond is only secured up to an amount equal to the fair market value of the interest granted in tangible property.
- (d) If the amount of the bond exceeds the value of the security, that amount so exceeding the value of the security shall be considered unsecured.
- (e) Signatures of principals and indemnifiers that are not given in the presence of the bail bondsman shall be notarized.