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.
IC 23-2.5-4-12
Amended by P.L. 89-2024,SEC. 17, eff. 7/1/2024.Added by P.L. 175-2019,SEC. 2, eff. 7/1/2019.