Insurance fees for the Revitalization Program are as follows:

1. A. An initial premium of 2 percent of the initial loan balance; and

2. B. A renewal premium of:

   1. (1) 0.65 percent of the initial loan balance for 9 annual renewals, and
   2. (2) 0.325 percent annually from year 10 to maturity.

Authority: Housing and Community Development Article, Title 3, Subtitle 2, Annotated Code of Maryland

Effective date: March 4, 1991 (18:4 Md. R. 446)

Regulation .01B amended effective February 28, 1994 (21:4 Md. R. 273)

Regulations .02—.05 and .08 amended effective August 3, 1992 (19:15 Md. R. 1388)

Regulations .03B and .04 amended effective June 7, 1993 (20:11 Md. R. 912)

Regulation .03B amended effective November 7, 1994 (21:22 Md. R. 1873)

Regulation .03B amended as an emergency provision effective December 8, 1995 (22:26 Md. R. 2025); amended permanently effective July 1, 1996 (23:13 Md. R. 939)

Regulation .04 amended as an emergency provision effective December 8, 1995 (22:26 Md. R. 2025); amended permanently effective July 1, 1996 (23:13 Md. R. 939)

Regulation .04C amended effective November 7, 1994 (21:22 Md. R. 1873)

Regulations .06 and .07 repealed and new Regulations .06 and .07 adopted

effective August 3, 1992 (19:15 Md. R. 1388)

Regulation .06A amended effective November 7, 1994 (21:22 Md. R. 1873)

Regulation .06B, C amended effective June 7, 1993 (20:11 Md. R. 912)

Regulation .06B, C amended as an emergency provision effective December 8, 1995 (22:26 Md. R. 2025); amended permanently effective July 1, 1996 (23:13 Md. R. 939)

Regulation .09 amended as an emergency provision effective December 8, 1995 (22:26 Md. R. 2025); amended permanently effective July 1, 1996 (23:13 Md. R. 939)