635.061 Premium cost.
67 words·~1 min read·
/fl/title-xxxvii/chapter-635/635-061·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For purposes of computing finance charges or determining whether a mortgage loan is usurious, any premium cost of mortgage guaranty insurance that is paid by or collected from the mortgagor as a separate charge shall be deemed to not constitute a part of the cost of, or interest upon, or charges or consideration or an amount in excess of permitted charges in connection with, any mortgage loan.