§ 103.9 - Who applies to BIA under the Program?

Latest version.

§ 103.9 Who applies to BIA under the Program?

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.

                    
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§ 103.9 - Who applies to BIA under the Program?

§ 103.9 Who applies to BIA under the Program?