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.
Structure Indiana Code
Title 23. Business and Other Associations
Chapter 4. License Issuance and Renewal
23-2.5-4-1. Loan Broker License Application Requirements
23-2.5-4-2. Principal Manager License Application Requirements
23-2.5-4-3. Mortgage Loan Originator License Application Requirements
23-2.5-4-4. Branch Office License Application Requirements
23-2.5-4-5. Issuance and Renewal of License
23-2.5-4-6. License Renewal Required
23-2.5-4-8. Notice of Change in Material Fact or Statement in License Application
23-2.5-4-9. Agent for Service of Process
23-2.5-4-10. National Criminal History Background Check
23-2.5-4-11. Financial Responsibility of Applicant
23-2.5-4-12. Electronic Surety Bond