1. (a) The amount of compensation which may be collected on any bail bond or bond to keep the peace by one or more persons acting as sureties thereon shall not exceed a one time only fee from five to fifteen per cent of the amount thereof, but need not be less than $50 in any event; provided that additional fees, subject to subsection (b), may be collected for:

   1. (1) The posting of a surety insurance bond as defined in section 431:1-210(1);
   2. (2) The posting of a bond on behalf of a person whose case is pending appeal; or
   3. (3) The posting of a bond in which more than one year has passed since the filing thereof.

2. (b) The compensation collected pursuant to sections 804-62(a)(2) and (a)(3), in any year after the first year, may be collected annually, and:

   1. (1) Shall be charged on a prorated basis; and
   2. (2) Shall not exceed the percentage charged in the first year.
3. (c) Every person holding a license to act as surety on any bail bond or bond to keep the peace who violates this section shall be fined not more than $250 and shall forfeit the license and shall not be entitled to receive a similar license for a period of one year thereafter.

[L 1990, c 164, pt of §3; am L 1993, c 181, §3]