Ind. Code § 23-2.5-4-12
Electronic surety bond
Redline — January 1, 2023 → current.View current text →
Current — January 1, 2025
As of January 1, 2023
Sec. 12. A loan broker shall maintain an electronic surety bond that:
Sec. 12. A loan broker shall maintain an electronic surety bond that:
(1) is satisfactory to the commissioner;
(1) is satisfactory to the commissioner;
(2) is in the amount of sixty thousand dollars ($60,000); and
(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.
(3) covers the activities of each manager and mortgage loan originator employed by the loan broker.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.