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2020 Indiana Code
Title 23. Business and Other Associations
Article 2.5. Loan Brokers
Chapter 4. License Issuance and Renewal
23-2.5-4-12. Electronic Surety Bond
Universal Citation:
IN Code § 23-2.5-4-12 (2020)
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Sec. 12. A loan broker shall maintain an electronic surety bond that:
(1) is satisfactory to the commissioner;
(2) is in the amount of sixty thousand dollars ($60,000); and
(3) covers the activities of each principal manager and mortgage loan originator employed by the loan broker.
As added by P.L.175-2019, SEC.2.
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