Wash. Admin. Code § 308-409-035 - Surety bond requirements
(1)
All appraisal management companies must maintain surety bonds that conform to
RCW
18.310.040 in an active status at all times
during the period of licensure.
(2)
The bond must provide that the surety will give the department of licensing and
the licensee thirty days advance notice of cancellation or termination of the
bond with the reason for the cancellation or termination; provided, that no
such notice shall be required when the termination of the bond is due to the
expiration or revocation of the subject license.
Notes
Statutory Authority: RCW 18.310.020(1). 11-24-067, § 308-409-035, filed 12/6/11, effective 1/6/12.
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