Section 121.64. Loan insurance premium

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A student borrower shall, at the option of the Agency, pay to the lender, at the time the student borrower obtains the loan, a loan insurance premium calculated as a percentage of the loan guaranty amount. The percentage used may not exceed the rate mandated by Federal law and regulations.

The provisions of this § 121.64 amended July 22, 1988, effective July 23, 1988, 18 Pa.B. 3208. Immediately preceding text appears at serial page (121682).

Notation

Authority

The provisions of this § 121.64 amended under section 4 of the act of August 7, 1963 (P. L. 549, No. 290) (24 P. S. § 5104).

                    
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