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.
Code of Federal Regulations
[70 FR 33799, June 10, 2005. Redesignated at 74 FR 15656, Apr. 7, 2009]