SB804 - Allows mortgage insurance for up to 100% of the market value of the property
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Current Bill Summary
||Allows mortgage insurance for up to 100% of the market value of the property
HCS/SB 804 - This act allows mortgage insurance to cover
100% of the market value of the property. Under current law,
mortgage insurers can provide insurance for up to 97% of the
This act adds federal home loan banks, federal farm credit
banks and the student loan marketing association to the list of
financial institutions in which life insurance companies may
invest. This portion of the act is similar to HB 1739 (2000).
A portion of the act has an emergency clause.