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§ 23-2-5-4-12 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 23 - Business and Other Associations/
  5. Article 2.5 - Loan Brokers/
  6. Chapter 4 - License Issuance and Renewal23-2.5-4-1. Loan Broker License Application Requirements/
  7. § 23-2-5-4-12
Indiana Legal Code

§ 23-2-5-4-12

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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.