94- 457 C.M.R. ch. 204, § 6

Current through 2024-51, December 18, 2024

Section 457-204-6 - Payments by the Authority

Subject to the provisions of this Rule, the Authority will agree to pay to:

A. Any Holder, subject to the Cap on such Guaranteed Portion, 100 percent of any loss sustained by such Holder on the Guaranteed Portion and on interest due on such portion.

B. The Lender, in accordance with the Loan Insurance Authorization and Loan Insurance Agreement between the Authority and the Lender.

94- 457 C.M.R. ch. 204, § 6