§103.8. Is there any cost for a BIA guaranty or insurance coverage? — Inbound Citations
25 C.F.R. § 103.8
Statutory Authority
Cited by 1 regulation in release Current.
Citations to 25 U.S.C. § 103.8 as a whole
-
(ii) Upon approval by BIA and payment of an additional guaranty or insurance premium in accordance with §§ 103.8 and 103.19 and this section, the entire outstanding loan amount, as modified, will be guaranteed or insured (as the case may be) to the extent BIA specifies. The lender must pay the additional premium only on the increase in the outstanding principal amount of the loan (if a term loan) or the increase in the credit limit available to the borrower (if a revolving loan).