Professions and occupations; bail bondsman; definitions; cash bail bondsman; effective date.

HB 1708 amends Oklahoma statutes to clarify definitions and licensing requirements for bail bondsmen. It adds specific terms like "charitable cash bondsman" (who doesn't charge fees) and sets minimum financial standards: $150,000 net worth and $50,000 deposits for new licenses after November 2006, with a 6-month residency requirement for cash bondsmen (vs. 1 year for others). The bill directly affects individuals seeking to become licensed bail bondsmen by defining their roles and establishing concrete financial qualifications. These changes update existing regulations under Sections 1301 and 1306 of the Oklahoma Statutes.