Indiana Code 23-2.5-4-12. Electronic surety bond
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Sec. 12. A loan broker shall maintain an electronic surety bond that:
(2) is in the amount of sixty thousand dollars ($60,000); and
(1) is satisfactory to the commissioner;
Terms Used In Indiana Code 23-2.5-4-12
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
(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.