§ 121.134. Loan insurance premium.
A borrower shall, at the option of the Agency, pay to the lender, at the time the borrower obtains the loan, a loan insurance premium calculated as a percentage of the loan guaranty amount. The percentage used cannot exceed the rate mandated by Federal law and regulations.
Authority The provisions of this § 121.134 amended under section 4 of the act of August 7, 1963 (P. L. 549, No. 290) (24 P. S. § 5104).
Source The provisions of this § 121.134 adopted August 7, 1981, effective August 8, 1981, 11 Pa.B. 2760; corrected August 22, 1981, 11 Pa.B. 2911; amended March 26, 1982, effective March 27, 1982, 12 Pa.B. 1043; amended March 4, 1983, effective March 5, 1983, 13 Pa.B. 887; amended January 16, 1987, effective January 17, 1987, 17 Pa.B. 249; amended July 22, 1988, effective July 23, 1988, 18 Pa.B. 3206. Immediately preceding text appears at serial pages (121702) to (121703).
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