Rhode Island § 42-34-11 § 42-34-11. Mortgage insurance premiums.

Rhode Island Statutes

§ 42-34-11 — § 42-34-11. Mortgage insurance premiums.

Rhode Island § 42-34-11

Title 42State Affairs and Government

Ch. 42-34Industrial-Recreational Building Authority

This text of Rhode Island § 42-34-11 (§ 42-34-11. Mortgage insurance premiums.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 42-34-11 (2026).

Text

§ 42-34-11. Mortgage insurance premiums.
The authority is authorized to fix mortgage insurance premiums for the insurance of
            mortgage payments under the provisions of this chapter, such premiums to be computed
            as a percentage, which shall not exceed three percent (3%) per annum, of the principal
            obligation of the mortgage in such manner in each case as the authority shall determine
            on the basis of all pertinent available data. The premiums shall be payable by the
            mortgagors or the mortgagees in such manner as shall be prescribed by the authority.
            The amount of premium need not be uniform among the various loans insured.
         

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§ 42-34-11. Mortgage insurance premiums.

The authority is authorized to fix mortgage insurance premiums for the insurance of mortgage payments under the provisions of this chapter, such premiums to be computed as a percentage, which shall not exceed three percent (3%) per annum, of the principal obligation of the mortgage in such manner in each case as the authority shall determine on the basis of all pertinent available data. The premiums shall be payable by the mortgagors or the mortgagees in such manner as shall be prescribed by the authority. The amount of premium need not be uniform among the various loans insured.