§ 103.9. Who applies to BIA under the Program?
58 words·~1 min read·
/us/cfr/t25/s§ 103.9·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The lender is responsible for determining whether it will require a BIA guaranty or insurance coverage, based upon the loan application it receives from an eligible borrower. If the lender requires a BIA guaranty or insurance coverage, the lender is responsible for completing and submitting a guaranty application or complying with a loan insurance agreement under the Program.