Regulation .07 Premiums.
Regulation .07 Premiums.LinkCopy Citation
Insurance fees for the Revitalization Program are as follows:
A.
An initial premium of 2 percent of the initial loan balance; and
B.
A renewal premium of:
(1)
0.65 percent of the initial loan balance for 9 annual renewals, and
(2)
0.325 percent annually from year 10 to maturity.