This legal document, part of the Code of Federal Regulations, establishes consumer protections in the sales of insurance products or annuities. It applies to national banks, Federal savings associations, and other persons engaged in such activities on behalf of these institutions. The document defines various terms related to consumer protection in sales of insurance and clarifies their scope and applicability. It prohibits covered persons from engaging in practices that would mislead consumers regarding the purchase of insurance products or annuities or the backing or insurance coverage of these products.

This legal document, found in the Code of Federal Regulations under the section ‘Banks and Banking’, governs the sales of credit life insurance by national banks. It applies to national bank employees, officers, directors, principal shareholders, and certain entities in which such persons own an interest of more than ten percent. The document prohibits directors, officers, employees, and principal shareholders from personally profiting from the sale of credit life insurance and requires that commissions or other income from such sales be credited to the bank’s income accounts.

The provided legal document content pertains to the eligibility requirements and underwriting procedures for single-family mortgage insurance programs under the National Housing Act and other authorities. The documents outline the eligibility requirements and underwriting procedures for single-family mortgages, including the Direct Endorsement procedure, the Lender Insurance procedure, and the issuing of commitments through HUD offices. Mortgagees must meet certain qualifications and submit a specified number of mortgages for approval. Noncompliance may result in sanctions or termination of approval.

The provided legal document content pertains to the Home Equity Conversion Mortgage (HECM) Insurance program under the National Housing Act. It covers various aspects of eligibility and endorsement requirements, credit standing requirements, counseling requirements, disclosure and verification of Social Security and Employer Identification Numbers, full disclosure of costs and restrictions on use of mortgage proceeds, monetary investment requirements for the HECM for Purchase program, property eligibility criteria, property standards and repair work, eligible sale of property, refinancing of existing HECMs, and deferral of the due and payable status for Eligible Non-Borrowing Spouses in the context of HECM insurance programs.

The provided legal document content pertains to multifamily housing mortgage insurance under the National Housing Act and other authorities. It governs the eligibility requirements for multifamily project mortgages insured under section 207 of the National Housing Act, as outlined in 24 CFR part 200, subpart A. The document specifies the requirements for mortgagees regarding the payment of premiums at different stages of the mortgage and outlines the rights and duties of mortgagees under the contract of insurance.

The provided legal document content pertains to the Cooperative Housing Mortgage Insurance program under the National Housing Act. It applies to mortgages insured under section 213 of the Act and outlines the requirements and provisions related to the insurance agreement, insured mortgages, and mortgages. The document defines various terms related to the program and specifies that references to section 207 of the National Housing Act should be deemed to refer to section 213 of the Act.

The provided legal document content pertains to mortgage insurance and insured improvement loans for urban renewal and concentrated development areas. It governs the entities involved in mortgage and loan insurance programs under the National Housing Act and other authorities. The document does not mention any specific exemptions. However, it does not provide information about penalties for non-compliance or violation of the provisions. The document focuses on the regulations and guidelines related to mortgage insurance and insured improvement loans in the context of urban renewal and concentrated development areas.

The provided legal document terminates the authority to insure mortgages for low cost and moderate income mortgage insurance under section 221(d)(2) of the National Housing Act, effective February 20, 2001. However, HUD will continue to endorse for insurance validly processed mortgages under direct endorsement if the credit worksheet was signed by the mortgagee’s underwriter before February 20, 2001. The rights and obligations of insured mortgage lenders, mortgagors, and HUD with respect to section 221(d)(2) single family loans insured before February 20, 2001, or in accordance with the exemption mentioned above, will continue to be governed by Subpart A of the document as it existed before February 20, 2001.

This legal document, part of the New Jersey General and Permanent Statutes, governs the contract rate, rate on mortgages on dwellings and other loans, computation of interest or discount, and determination of rates in the state of New Jersey. It establishes limitations on the amount of interest that can be charged on loans, with specific rates specified for different types of loans. The Commissioner of Banking has the authority to establish interest rate ceilings for loans secured by a first lien on real property, based on the Monthly Index of Long Term United States Government Bond Yields.

This legal document pertains to Insurance Premium Taxes in Arkansas. It governs the taxation of insurance premiums and applies to insurance companies. The document does not mention any specific exemptions or penalties. The content includes cross-references to other related laws and acts, as well as emergency clauses and effective dates of various amendments. The document also includes preambles from previous acts, highlighting the state’s commitment to providing health insurance, promoting personal responsibility, and encouraging employment among beneficiaries of public assistance programs.

The provided legal document content governs the sale of credit life and health and accident insurance in connection with credit union loans. It states that commissions on the sale of such insurance must be paid to the credit union and become a part of its gross income to avoid conflicts of interest. The credit union is not allowed to share this income with officers, directors, committee members, or employees on a percentage basis.

This legal document, part of the West Virginia Code of State Rules, governs the sale of insurance products by state-chartered banks. It outlines the requirements and procedures that state-chartered banks must follow when engaging in the sale of insurance products. State-chartered banks are required to provide the Commissioner of Banking with a thirty-day written notice before engaging in the sale of insurance products. The Commissioner has the authority to object to the proposed sale if it is deemed contrary to the safety and soundness of the bank.

The provided legal document content pertains to the use of discretionary clauses in credit insurance policy forms in Michigan. Discretionary clauses are provisions that bind the claimant to or grant deference to the credit insurer’s decision, denial, or interpretation on terms, coverage, or eligibility for benefits. The document prohibits insurers from issuing, advertising, or delivering any policy, contract, rider, endorsement, certificate, or similar contract document that contains a discretionary clause. Any such clause issued or delivered after the effective date of these rules is void and of no effect.

The document, 209 CMR 20.00, governs small loans, sales finance companies, and insurance premium finance companies under the Code of Massachusetts Regulations. It provides definitions for various terms used in the regulations. The document outlines the application procedure for obtaining licenses in Massachusetts and mentions the general requirements for applicants. It also mentions exemptions for certain insurance premium finance agencies and provides specific requirements for license renewal. The document states that the commissioner will issue a license to an applicant if they meet all the requirements specified in the relevant laws.

The document, 209 CMR 57.00, governs the flood insurance requirements for mortgage loans secured by residential property located in special flood hazard areas in the Commonwealth of Massachusetts. It applies to creditors, including originators, holders, investors, assignees, successors, trusts, trustees, nominee holders, Mortgage Electronic Registration System, mortgage servicers, and certain government agencies. However, the Massachusetts Housing Finance Agency and the Massachusetts Housing Partnership Fund are exempt from being considered creditors. The document does not specify any penalties for non-compliance.

This legal document, part of the Louisiana Revised Statutes, falls under the Louisiana Consumer Credit Law and governs the requirement of insurance in consumer credit transactions. It applies to extenders of credit and consumers in Louisiana. In consumer credit transactions, the extender of credit may request or require the consumer to provide credit life insurance, credit dismemberment insurance, and credit health and accident insurance as additional security for the contract or agreement.

This legal provision, found within the Colorado Revised Statutes under the Consumer Credit Code, governs consumer insurance premium loans. It specifically regulates the cancellation of insurance policies or contracts in the event of default on a consumer insurance premium loan. The provision requires that an agreement for a consumer insurance premium loan must contain certain information, including the names of the insurance agent or broker, insurer, policy or contract details, loan term start date, and a notice of potential cancellation for non-payment.