§ 30-571. Investigation of petition for permit.

The license review board shall investigate thoroughly every petition for a permit for engaging in the business of professional bondsperson and shall verify all schedules required in section 30-568. The board shall not recommend the issuance of a permit to a professional bondsperson unless the petition and accompanying schedules shall clearly show that the petitioner is the owner of real property in Fulton County of a fair market value, in excess of encumbrances, equal to the total of all bonds upon which the petitioner may at that time appear as surety, plus the amount allowed as exemption under the homestead laws of the state. If the petitioner is not surety on any bonds at the time of application, the petition shall clearly show that the petitioner is financially responsible.

(Code 1977, § 14-6036)