(a) A person registering as a seller shall obtain a surety bond in the amount of $75,000 issued by a surety company authorized to do business in the state. The bond must be in favor of the state for the benefit of a buyer and must satisfy the conditions established by the department by regulation.
(b) If the department finds that the amount of the bond set by (a) of this section is insufficient to protect the public interest, the department may by regulation increase the amount of the bond.
Section: Previous 45.66.010 45.66.020 45.66.030 45.66.040 45.66.050 45.66.060 45.66.070 45.66.080 45.66.090 45.66.100 45.66.110 45.66.120 45.66.130 45.66.140 45.66.150 NextLast modified: November 15, 2016