Title 20, Chapter 3, Section 271
( 20-3-271)
The corporation is authorized to charge and collect insurance
premiums on loans in accordance with the federal act and to provide
for all matters relative thereto. In the administration of the
program, the insurance premium charged may be identified and
referred to as a "guaranty fee." Guaranty fees collected by the
corporation shall be credited to the corporation's loan guaranty
fund. |