Rhode Island General Laws Title 42. State Affairs and Government § 42-34-11. Mortgage insurance premiums
Current as of January 01, 2022 | Updated by FindLaw Staff
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The authority is authorized to fix mortgage insurance premiums for the insurance of mortgage payments under the provisions of this chapter, such premiums to be computed as a percentage, which shall not exceed three percent (3%) per annum, of the principal obligation of the mortgage in such manner in each case as the authority shall determine on the basis of all pertinent available data. The premiums shall be payable by the mortgagors or the mortgagees in such manner as shall be prescribed by the authority. The amount of premium need not be uniform among the various loans insured.
Cite this article: FindLaw.com - Rhode Island General Laws Title 42. State Affairs and Government § 42-34-11. Mortgage insurance premiums - last updated January 01, 2022 | https://codes.findlaw.com/ri/title-42-state-affairs-and-government/ri-gen-laws-sect-42-34-11/
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