443.415. Mortgage may be insured for certain buyers, amount, requirements.
Mortgage may be insured for certain buyers, amount, requirements.
443.415. Mortgage insurers may insure a mortgage in an amount notexceeding one hundred three percent of the fair market value of theauthorized real estate security at the time that the loan is made ifsecured by a first lien or charge on such real estate security.
(L. 1994 H.B. 1449 § 1 merged with S.B. 718 § 35, A.L. 1998 H.B. 1794 merged with S.B. 719, A.L. 2000 H.B. 1802 merged with S.B. 896, A.L. 2002 H.B. 1375 merged with S.B. 729)