109.01.1-12. Insurance Premiums.
AR ADC 109.01.1-12Arkansas Administrative Code
Ark. Admin. Code 109.01.1-12
109.01.1-12. Insurance Premiums.
The Authority shall charge a one-time, up-front insurance premium. Premiums are due at the time lender originates a loan and executes a loan authorization with the Authority. The Authority's insurance is not effective until premiums are paid. It is expected that lender will pass along the cost of premiums to borrowers. Premiums shall be determined at the time the Committee approves the application, but in no event is the premium to exceed 2% per annum on an annualized basis.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 109.01.1-12, AR ADC 109.01.1-12
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