A loan broker shall maintain an electronic surety bond that:

1. (1) is satisfactory to the commissioner;
2. (2) is in the amount of sixty thousand dollars ($60,000); and
3. (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.