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Chapter 332
Section 332.301
Topics
Recent History
- 1994 332.301 New 1994 c 638 s 3
This is an historical version of this statute chapter. Also view the most recent published version.
332.301 BOND; BACKGROUND CHECK.
The commissioner may accept an initial surety bond or deposit in an amount less than
$100,000 based upon the business plan of the accelerated mortgage payment provider, provided
the commissioner obtains a third-party background check at the expense of the accelerated
mortgage payment provider and from a source to be determined by the commissioner. The
commissioner may require a third-party background check in connection with any accelerated
mortgage payment provider at the expense of the accelerated mortgage payment provider, but no
more often than annually.
History: 1994 c 638 s 3
The commissioner may accept an initial surety bond or deposit in an amount less than
$100,000 based upon the business plan of the accelerated mortgage payment provider, provided
the commissioner obtains a third-party background check at the expense of the accelerated
mortgage payment provider and from a source to be determined by the commissioner. The
commissioner may require a third-party background check in connection with any accelerated
mortgage payment provider at the expense of the accelerated mortgage payment provider, but no
more often than annually.
History: 1994 c 638 s 3
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Revisor of Statutes