Code of Federal Regulations (alpha)

CFR /  Title 7  /  Part 1421  /  Sec. 1421.404 Financial security.

In order to be approved to handle loans and loan deficiency payments, the DMA must:

(a) Have a current net worth ratio of at least 1:1.

(b) Provide security equal to $100,000 or a greater amount as determined by CCC. [70 FR 33799, June 10, 2005. Redesignated at 74 FR 15656, Apr. 7, 2009]