D.C. Mun. Regs. tit. 5, r. 5-A8127

Current through Register Vol. 71, No. 49, December 6, 2024
Rule 5-A8127 - AGENT'S SURETY
8127.1

The Commission shall not issue or review an agent's license until the applicant for the license has filed with the Commission a corporate surety bond or other security approved by the Commission.

8127.2

The surety bond shall be payable to the Commission.

8127.3

A student, or the student's parent or guardian, who is aggrieved by a violation of this chapter by an agent shall have a right of action on the bond for the recovery of money, or damages, or both.

8127.4

The amount of bond required to be filed under this section shall be twenty-five hundred dollars ($2,500).

8127.5

A school may file a blanket surety bond for all its authorized agents in an amount to be determined by the Commission, but in no case greater than fifteen thousand dollars ($15,000).

D.C. Mun. Regs. tit. 5, r. 5-A8127

Final Rulemaking published at 37 DCR 6619, 6636 (October 19, 1990)