LAC 16:I.347 – Insured Mortgage Loan Amount

A. The purchase price of each insured mortgage loan purchased by the agency shall be as is specified in the offer to participate. A lending institution may charge each mortgagor or an insured mortgage loan such fees and charges as are permitted by resolution of the agency.

AUTHORITY NOTE: Promulgated in accordance with R.S. 40:600.1 et seq.

HISTORICAL NOTE: Promulgated by the Department of Urban and Community Affairs, Housing Finance Agency, LR 7:198 (April 1981).