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Indiana Mortgage Broker Bond

Category:
Indiana Secretary of State - Blue Sky - Securities
State:
Indiana
Control #:
IN-SD-53305
Format:
PDF
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Description

53305- Loan Broker Bond Indiana 53305- Loan Broker Bond is a type of surety bond that is required by the Indiana Department of Financial Institutions in order to legally act as a loan broker in the state. This bond ensures that the loan broker will comply with all applicable laws and regulations pertaining to the brokering of loans in Indiana. It also ensures that the loan broker will act in a fair and honest manner when dealing with clients. This bond guarantees that any financial losses caused by the actions of the loan broker will be covered. The bond amount is set at $25,000 and must be in place for the duration of the loan broker's license. There are two types of Indiana 53305- Loan Broker Bond: the Individual Loan Broker Bond and the Group Loan Broker Bond. The Individual Loan Broker Bond is required for a single individual loan broker, while the Group Loan Broker Bond is required for a group of loan brokers.

Indiana 53305- Loan Broker Bond is a type of surety bond that is required by the Indiana Department of Financial Institutions in order to legally act as a loan broker in the state. This bond ensures that the loan broker will comply with all applicable laws and regulations pertaining to the brokering of loans in Indiana. It also ensures that the loan broker will act in a fair and honest manner when dealing with clients. This bond guarantees that any financial losses caused by the actions of the loan broker will be covered. The bond amount is set at $25,000 and must be in place for the duration of the loan broker's license. There are two types of Indiana 53305- Loan Broker Bond: the Individual Loan Broker Bond and the Group Loan Broker Bond. The Individual Loan Broker Bond is required for a single individual loan broker, while the Group Loan Broker Bond is required for a group of loan brokers.

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