§ 337.13. Payment of mortgage insurance premiums.
57 words·~1 min read·
/us/cfr/t31/s§ 337.13·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
When book-entry debentures are being purchased prior to maturity to pay for mortgage insurance premiums, the difference between the amount of the debentures purchased and the mortgage insurance premiums shall be issued to the owner in the form of a book-entry debenture in the exact amount of such difference, provided it is one dollar (\$1.00) or more.