Colorado § 12-10-609 Bond required

Colorado Statutes

§ 12-10-609 — Bond required

Colorado·Title 12 Professions·Art. Real Estate

(1)Before the board issues a license to an applicant for an appraisal management company license, the applicant shall post with the board a surety bond in the amount of twenty-five thousand dollars. A licensed appraisal management company shall maintain the required bond at all times.

(2)The surety bond shall require the surety to provide notice to the board within thirty days if payment is made from the surety bond or if the bond is canceled.

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(1) Before the board issues a license to an
applicant for an appraisal management company license, the applicant shall post
with the board a surety bond in the amount of twenty-five thousand dollars. A
licensed appraisal management company shall maintain the required bond at all
times.

(2) The surety bond shall require the surety to provide notice to the board
within thirty days if payment is made from the surety bond or if the bond is
canceled.

Colorado § 12-10-609 (Bond required) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.