All wrap loans subject to Title 70C shall provide for a minimum monthly payment sufficient to pay at least the monthly interest on the wrap loan and the total monthly payment, including interest, principal, escrow or reserve payments, or both, on all obligations wrapped by the loan.

KEY: financial institutions

Date of Last Change: 1995

Notice of Continuation: September 13, 2022

Authorizing, and Implemented or Interpreted Law: 70C-8-102(1)(e)