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Old 04-16-2008, 02:04 PM
mapiye mapiye is offline
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Join Date: Apr 2008
Posts: 1
Default Audied and may be fined $30k plus

We are in the process of being audited and may be fined 30k plus. We have a 50 k bond with the state of Georgia.

Questions

1) Does the Department of Banking and Finance usually collect from the bond
2) If they do collect from the bond what can the bond company do to force you to pay?
3) Can bond company typically levy your personal assets of which we dont have much since the mtg industry sucks
4) Can bond company place lien on your primary residence or place judgement on credit.

Mitch
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