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)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

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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