Action Bail Bonds on Friday afternoon was reinstated after having been suspended from issuing bail bonds in Hood County a week earlier because it had not shown the county treasurer and the bail bond board that it had enough collateral in place.
On Jan. 7, Deeds had said Action Bail Bonds was suspended from issuing bonds until it showed the board proof of having adequate collateral.
The board, which consists of 11 members including Sheriff Roger Deeds and the board chairman, Sergeant A.T. Vines, scheduled a special meeting Friday afternoon, and Action Bail Bonds was able to provide documentation of the collateral.
John and Leslie Cowden are the agents for Action Bail Bonds, which is at 1522 Crossland Road directly across the street from the Hood County Jail.
A letter obtained by the Hood County News sent last Wednesday via email from the board to the eight bond companies operating in the county states that Action Bail Bonds was suspended “for failure to maintain adequate security, refusal to allow Treasurer, Sheriff or Bail Bond Board Chair access to confirm collateral pledged at First National Bank, Granbury, and at Edward Jones Security.”
“Every so often, the county treasurer (Kathy Davis) does an audit of the bank accounts and collateral they put up for bonds,” Deeds said last week, noting that at that time Action had not proved the collateral was properly designated.
“Our office has the responsibility of holding the collateral,” Davis explained.
Davis last week had echoed Deeds’ comment that, when the current documentation of the collateral was presented, Action Bail Bonds would be reinstated immediately.
“It’s a matter of them supplying documentation,” she said at that time.
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