Mortgage guaranty insurance definition

Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.
Mortgage guaranty insurance means that kind of insur- ance authorized by s. Ins 6.75 (2) (i).
Mortgage guaranty insurance means surety insurance under which

Examples of Mortgage guaranty insurance in a sentence

  • Mortgage guaranty insurance companies shall establish formal underwriting guidelines which set forth the basis for concluding that prudent underwriting standards have been met.

  • Mortgage guaranty insurance may be transacted in this state by insurers fulfilling the requirements of paragraph (E)(6) of this rule and holding a certificate of authority for the transaction of such insurance pursuant to Title XXXIX of the Revised Code and shall be written only to insure loans secured by authorized real estate securities as defined in paragraph (C)(2) of this rule.

  • Do not give your visitor any combinations, codes, pin numbers, etc.

  • Mortgage guaranty insurance reserves are not typically recognized for estimates for future claims on insured loans that are not currently in default.

  • Mortgage guaranty insurance must maintain a mortgage guaranty account,2.


More Definitions of Mortgage guaranty insurance

Mortgage guaranty insurance means surety insurance under which a 946 mortgagee or other creditor is indemnified against losses caused by the default of a debtor. 947 [(116)] (119) "Mortgage life insurance" means insurance on the life of a debtor in 948 connection with an extension of credit that pays if the debtor dies.
Mortgage guaranty insurance means surety insurance under which mortgagees and other creditors are indemnified against losses caused by the default of debtors.
Mortgage guaranty insurance means insurance against loss arising from any of the following:
Mortgage guaranty insurance means surety insurance under which a 853 mortgagee or other creditor is indemnified against losses caused by the default of a debtor. 854 [(112)] (114) "Mortgage life insurance" means insurance on the life of a debtor in 855 connection with an extension of credit that pays if the debtor dies.
Mortgage guaranty insurance means and includes: (1) Insurance against financial loss by reason of nonpayment of principal, interest or other sums agreed to be paid under the terms of any note or bond or other evidence of indebtedness secured by a mortgage, deed of trust, or other instrument constituting a lien or charge on real estate, when the improvement on such real estate is a residential building or a condominium or townhouse unit or buildings designed for occupancy by not more than four families;
Mortgage guaranty insurance means insurance against financial loss by reason of nonpayment of principal, interest and other sums agreed to be paid under the terms of any note or bond or other evidence of indebtedness secured by a mortgage, deed of trust, or other instrument constituting a lien or charge on real estate or on an owner-occupied manufactured or mobile home.
Mortgage guaranty insurance means surety insurance under which a 965 mortgagee or other creditor is indemnified against losses caused by the default of a debtor. 966 [(120)] (124) "Mortgage life insurance" means insurance on the life of a debtor in 967 connection with an extension of credit that pays if the debtor dies.