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Loan Brokers Bond (Broker-Dealers Bond) SD-59 - Indiana
| Loan Brokers Bond (Broker-Dealers Bond) Form. This is a Indiana form and can be used in Securities Blue Sky Secretary Of State . |
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BOND NUMBER LOAN BROKERS BOND VAL IDATION DATES FROM: TO:12/31/0 SURETY PHONE NUMBER KNOW ALL MEN BY THESE PRESE NTS: That we, ___________________________________, of______________________________ (Name of Principal) (City) in the state of ______________________________ as Principal, and _____________________________ (Name of Surety) a corporation organized and existing under and by virtue of the laws of the State of______________, and duly authorized to transact the business of indemnity and suretyship in the State of Indiana, for the use and benefit of all persons damaged by the breach of any of the conditions of this obligation, in the sum of Fifty Thousand ($50,000) Dollars, lawfulful money of the United States for the payment of which sum, will and truly to be made, we bind ourselves, our heirs executors, administrators, successors and assigns, jointly and severally, firmly by these presents. THE CONDITIONS OF THE ABOVE OBLIGATION ARE SUCH THAT : WHERE AS, the above bounden Principal has made application to the Securities Commissioner of the State of Indiana for license as a loan broker under the provision of IC 23-2-5 and is required by the provisions of said Law to furnish a corporate surety bond in the sum above named, conditioned as herein set forth. NOW, THER EFORE, if the said Pr incipal shall faithfully comply with the provisions of IC 23-2-5 and shall pay to any person entitled thereto all damages as may be caused to such person by the failure of the Principal to faithfully comply with the provisions of said Act; and if said Principal shall pay to any person entitled thereto all damages as may be caused to any person together with all penalties provided by IC 23-2-5-15 then this obligation shall be void; otherwise it shall remain in full force and effect. This bond is subject to the following provisions: 1. Any person who sustains such damages as covered by this bond may bring an action upon this bond; provided, however, that the aggregate liability of the said Surety to all such persons shall, in no event, exceed the amount of the bond. 2. This bond shall be and remain in full force and effect and run concurrent with the license period and any renewal thereof, until it is terminated by the said Surety giving written notice both to the said Principal and the Securities Commissioner of Indiana thirty (30) days prior to the effective date thereof, of its intention to terminate its liability under this bond or until the license of said Principal as such loan broker is terminated either by expiration without renewal or by revocation for any cause. 3. Every person who has a cause of action under IC 23-2-5 may bring action upon this bond to enforce any liability on the bond providing, however, that no suit on this bond may be maintained to enforce any liability on this bond unless brought within two (2) years after the act upon which it is based. IN WITNESS WHER EOF, the parties hereto have set their hand and seals this __________________________ day of____________________________, ________. Surety Principal American LegalNet, Inc. www.USCourtForms.com<<<<<<<<<********>>>>>>>>>>>>> 2 CORPORATE OR LLC ACKNOWLEDG MENT STATE OF __________________ COUNTY OF ________________ BEFORE ME, THE UNDERSIGNED AUTHORITY, THIS DAY PERSONALLY APPEARED ______________________________ PRESIDENT OR MANAGER AND __________________________________ SECRETARY OF _____________________________ A CORPORATION OR LLC, PRINCIPAL EACH OF WHOM ACKNOWLEDGE THE EXECUTION OF THE FOREGOING BOND FOR SUCH CORPORATION OR LLC FOR THE USES AND PURPOSES THEREIN SET FORTH. WITNESS MY HAND AND OFFICIAL SEAL THIS ____________________________DAY OF ____________________, _________ (SEAL) SIGNATURE OF NOTARY COUNTY OF RESIDENCE DATE COMMISSION EXPIRES NAME OF NOTARY (TYPE OR PRINT) INDIVIDUAL OR PARTNERS HIP ACKNOWLEDGMENT STATE OF______________________ COUNTY OF____________________ BEFORE ME, THE UNDERSIGNED AUTHORITY, THIS DAY PERSONALLY APPEARED ____________________________________, PRINCIPAL WHO ACKNOWLE DGED THE EXECUTION OF THE FOREGOING BOND FOR SUCH INDIVIDUAL OR PARTNERSHIP FOR THE USES AND PURPOSES THEREIN SET FORTH. WITNESS MY HAND AND OFFICIAL SEAL THIS ___________________________ DAY OF ___________________, ______________. (SEAL) SIGNATURE OF NOTARY COUNTY OF RESIDENCE DATE COMISSION EXPIRES NAME OF NOTARY (TYPE OR PRINT) American LegalNet, Inc. www.USCourtForms.com
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