IC 23-2.5-4-12 — Electronic surety bond
Chapter 4. License Issuance and Renewal
Section text
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 manager and mortgage loan originator employed by the loan broker.
As added by P.L.175-2019, SEC.2. Amended by P.L.89-2024, SEC.17.
Source: official publisher (2026 edition)