17 CAR § 270-121 – License denial — Company

(a) A bail bond company license shall not be issued or renewed, and may be revoked, if any owner, partner, stockholder, member, director, or officer:
1. (1) Has pleaded guilty or nolo contendere or been found guilty of a felony or any offense listed under Arkansas Code § 17-3-102, unless:
  1. (A) Sealed under the Comprehensive Criminal Record Sealing Act of 2013, Arkansas Code § 16-90-1401 et seq.;
  2. (B) Otherwise sealed, pardoned, or expunged under prior law; or
  3. (C) A waiver is granted pursuant to Arkansas Code § 17-3-102;
2. (2) Is regularly or frequently employed by:
  1. (A) A court of law; or
  2. (B) A public law enforcement agency;
3. (3) Is an attorney licensed by the State of Arkansas or an employee of an attorney;
4. (4) Is a person or entity found by the Professional Bail Bond Company and Professional Bail Bondsman Licensing Board to be:
  1. (A) Incompetent;
  2. (B) Untrustworthy;
  3. (C) Financially irresponsible; or
  4. (D) Of doubtful personal and business reputation; or
5. (5) Is a person or entity whose license has been previously revoked.
(b) A company owner having knowledge that another licensee has committed a violation of this part or any statute regulating bail bonds, bail bondsman, or bail bond companies, or has been convicted of a felony which would disqualify the licensee from holding such license shall promptly notify the board.