There is a newer version of the Kentucky Revised Statutes
2022
2021
2020
2019
2018
Other previous versions
View our newest version here

2011 Kentucky Revised Statutes
Subchapter 20 Financing of Development Generally
154.20.080 Agreements with lenders -- Provisions included.


KY Rev Stat § 154.20.080 (1996 through Reg Sess) What's This?
Download pdf

154.20-080 Agreements with lenders -- Provisions included. The authority may enter into agreements with lenders for participation in loan insurance. The agreements may include, but need not be limited to: (1) Authorization for the lender to determine, collect, and transmit to the authority a fee or premium charge within a specified range established consistent with the purposes and objectives of the authority; (2) Specification of whether the premium charge shall be paid by the lender, the borrower, the authority, or by a combination thereof in specified proportions; (3) The procedure by which a lender may make a claim upon the authority upon default by the borrower and the conditions under which a claim may be made; (4) The maximum amount of claims a lender may make upon the authority, which amount may be equal to, greater than, or less than the proportion of the total premiums collected by the authority which is accounted for by premiums collected by the lender. Effective: July 5, 1988 History: Created 1988 Ky. Acts ch. 383, sec. 13, effective July 15, 1988. Formerly codified as KRS 154.055

Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.