1 114CSR61 WEST VIRGINIA LEGISLATIVE RULE INSURANCE COMMISSIONER SERIES 61 CREDIT PERSONAL PROPERTY INSURANCE Section General Definitions Amount, Term and Coverage of Credit Personal Property Insurance; Prohibited Practices Disclosure to Debtors; Provisions of Policies; and Certificates of Insurance Filing and Approval of Rates and Forms Reasonableness of Benefits in Relation to Premium Charge Experience Reports Cancellation and Refund of Unearned Premium Claims.
2 114CSR61 WEST VIRGINIA LEGISLATIVE RULE INSURANCE COMMISSIONER SERIES 61 CREDIT PERSONAL PROPERTY INSURANCE General Scope. -- a. The purposes of this rule are to: insurance; 1. Promote the public welfare by regulating credit personal property 2. Create a legal framework within which credit personal property insurance may be written in this state; 3. Help maintain the separation between creditors and insurers; 4. Minimize the possibilities of unfair competitive practices in the sale of credit personal property insurance; and insurance markets. 5. Address problems that could arise from reverse competition in credit b. This rule applies to: 1. An insurer or producer transacting credit personal property insurance as defined in this rule; and 2. All credit personal property insurance written in connection with credit transactions for personal, family or household purposes, except: A. Transactions involving extensions of credit primarily for business or commercial purposes;
3 mobile homes; B. Insurance on motor vehicles designed for highway use and C. Insurance written in connection with a credit transaction that is secured by a real estate mortgage or deed of trust; D. Creditor-placed insurance; E. Title insurance; F. Non-filing insurance; G. Insurance purchased by a creditor after repossession or a similar event where the creditor gains possession of the property; and collected from the debtor. H. Insurance for which no identifiable charge is made to or 1.2. Authority. -- W. Va. Code and 46A-3-109(c) Filing Date. -- May 2, Effective Date. -- July 31, Definitions Closed-end credit means a credit transaction that does not meet the definition of open-end credit Collateral means personal property in which a purchase money security interest is retained, or that is pledged as security for the satisfaction of a debt Commissioner means the West Virginia insurance commissioner Compensation means commissions, dividends, retrospective rate credits, service fees, expense allowances or reimbursements, gifts, furnishing of equipment, facilities, goods and services or any other form of remuneration that is paid either directly or indirectly as a result of the sale of credit property insurance Credit agreement means the written document that sets forth the terms of the credit transaction and includes the security agreement Credit personal property insurance means a policy, endorsement, rider, binder, certificate or other instrument or evidence of insurance written in connection with a credit transaction that:
4 a. Covers perils to the goods purchased through a credit transaction or used as collateral for a credit transaction and that concerns a creditor s interest in the purchased goods or pledged collateral either in whole or in part; or transaction. b. Covers perils to goods purchased in connection with an open-end credit 2.7. Credit transaction means a transaction by which the repayment of money loaned or credit commitment made, or payment of goods, services or properties sold or leased, is to be made at a future date or dates Creditor means the lender of money or vendor or lessor of goods, services, property, rights or privileges for which payment is arranged through a credit transaction, or any successor to the right, title or interest of a lender, vendor or lessor and an affiliate, associate or subsidiary of any of them or any director, officer or employee of any of them or any person in any way associated with any of them Creditor-placed insurance means insurance that is purchased unilaterally by the creditor, who is the named insured, subsequent to the date of the credit transaction, which provides coverage against loss, expense or damage to the collateralized personal property as a result of fire, theft, collision or other risks of loss that would either impair a creditor s interest or adversely affect the value of collateral covered by dual interest insurance. It is purchased according to the terms of the credit agreement as a result of the debtor s failure to provide required insurance, with the cost of the coverage being charged to the debtor. It shall be either single interest insurance or dual interest insurance Debtor means the borrower of money or a purchaser or lessee of goods, services, property, rights or privileges for which payment is arranged through a credit transaction Dual interest insurance means credit personal property insurance covering the seller s or creditor s interest and at least partially the borrower s interest in the goods purchased through the credit transaction or pledged as collateral for the credit transaction Experience means earned premiums and incurred losses during the experience period Experience period means the most recent period of time for which earned premiums and incurred losses are reported, but not for a period longer than three (3) full years Finance charge means any charge payable directly or indirectly as an incident to or as a condition of the extension of credit, including but not limited to interest or time price differentials; amount payable under a discount system of additional charges; service, transaction or carrying charges; loan fees; points or similar charges; appraisal fees; or charges incurred for investigating the credit-worthiness of the consumer. The term shall not include charges as a result of default, taxes, license fees, delinquency charges or filing fees.
5 2.15. Gross debt means the sum of the remaining payments owed to the creditor by the debtor Incurred losses means total claims and claim adjustment expenses paid during the experience period plus any change in claim and claim adjustment expense reserves Identifiable charge means a charge for credit personal property insurance that is made to debtors having such insurance and not made to debtors not having such insurance. It includes a charge for insurance that is disclosed in the credit or other instrument furnished to the debtor which sets out the financial elements of the credit transaction and any difference in the finance, interest, service or other similar charge made to debtors who are in like circumstances except for the insured or noninsured status of the debtor Insurance Producer means a person as defined in W. Va. Code (f), that receives compensation for insurance written or that, on behalf of an insurer or creditor, solicits, negotiates, effects, procures, delivers, renews, continues or binds credit personal property insurance to which this rule applies Insurer means insurer as identified in W. Va. Code Loss ratio means incurred losses divided by the sum of earned premiums Mobile home means manufactured home as that term is defined in W. Va. Code (g), mobile home as that term is defined in W. Va. Code (h), or modular home as that term is defined in W. Va. Code (i) Net debt means the amount necessary to liquidate the remaining debt in a single lump-sum payment, excluding all unearned interest and other unearned finance charges Non-filing insurance means insurance that indemnifies the creditor for loss of its interest in the collateral due to the failure to perfect a security interest Open-end credit means credit extended by a creditor under an agreement in which: a. The creditor reasonably contemplates repeated transactions; b. The creditor imposes a finance charge from time to time on an outstanding unpaid balance; and c. The amount of credit that may be extended to the debtor during the term of the agreement, up to any limit set by the creditor, is generally made available to the extent that any outstanding balance is repaid Reverse competition means competition among insurers that regularly takes the form of insurers vying with each other for the favor of persons who control, or may control, the placement of the insurance with insurers. Reverse competition tends to increase insurance
6 premiums or prevent the lowering of premiums in order that greater compensation may be paid to persons for such business as a means of obtaining the placement of business. In these situations, the competitive pressure to obtain business by paying higher compensation to these persons overwhelms any downward pressures consumers may exert on the price of insurance, thus causing prices to rise or remain higher than they would otherwise Single interest insurance means credit personal property insurance covering only the seller s or creditor s interest in the goods purchased through the credit transaction or pledged as collateral in the credit transaction Title insurance means insurance as defined in W. Va. Code (f)(4) Amount, Term and Coverage of Credit Personal Property Insurance; Prohibited Practices For credit personal property insurance sold in conjunction with a closed-end transaction, an insurer may not issue credit personal property insurance coverage unless the amount financed exceeds five hundred dollars For credit personal property insurance sold in conjunction with a closed-end transaction, an insurer may not issue credit personal property insurance in an amount that exceeds the replacement value of the collateral, up to the amount financed in the underlying credit transaction, or with a term that exceeds in duration the scheduled term of the underlying credit transaction: Provided, that the debtor may obtain from the insurer, at his or her option, greater coverages for longer periods of time if he or she so desires, as authorized by W.Va. Code 46A-3-109(b)(1) Credit personal property insurance coverage shall, at a minimum, include the coverages in the standard fire policy with coverage attachment, extended coverage endorsement, and replacement cost provision endorsement Credit personal property insurance shall cover a substantial risk of loss of or damage to the property related to the credit transaction An insurer may not require the bundling of other credit insurance coverages with the purchase of credit personal property insurance coverage. A debtor shall have the choice to purchase credit personal property insurance separate from other credit insurance coverage An insurer shall not use gross debt as an exposure base in determining credit personal property insurance premiums Disclosure to Debtors; Provisions of Policies; and Certificates of Insurance The following shall be disclosed to the debtor in writing, and may be combined with other disclosures required by W. Va. Code 46A-3-109(b)(4), or by federal laws and regulations: a. That the purchase of credit personal property insurance through the creditor is
7 optional and not a condition of obtaining credit approval; b. If more than one kind of credit insurance is being made available to the debtor, that the debtor can purchase credit personal property insurance separately; c. That if the consumer has other insurance that covers the risk, he or she may not want or need credit personal property insurance; d. That within the first thirty days after receiving the individual policy or certificate of insurance, the debtor may cancel the coverage and have all premium paid by the debtor refunded or credited. Thereafter, the debtor may cancel the policy at any time during the term of the loan and receive a refund of any unearned premium. However, only in those instances where the creditor requires evidence of insurance for the extension of credit, the debtor may be required to offer evidence of alternative insurance acceptable to the creditor at the time of cancellation; e. If not already contained in the certificate or policy received contemporaneously with the credit transaction, a brief description of the coverage, including a description of the major perils and exclusions, any deductible, to whom the benefits would be paid, and the premium or premium rate for the credit personal property coverage; and f. If the premium or insurance charge is financed, that it will be subject to finance charges at the rate applicable to the credit transaction The disclosures required in subsection 4.1 shall be provided in the following manner: a. In connection with credit personal property insurance offered contemporaneously with the extension of credit or offered through direct mail advertisements, the disclosures shall be made in writing and presented to the consumer in a clear and conspicuous manner; and b. When the offer of credit personal property insurance is subsequent to the extension of credit or not offered by direct mail advertisements, the disclosures may be provided in conjunction with the offer either orally or electronically so long as written disclosures are provided to the debtor no later than the earlier of: insurance; or 1. Ten days after the election to purchase the credit personal property 2. The date any other written material is provided to the debtor An offer to extend coverage for an open-end consumer transaction shall include, at the time of the invitation to contract, the written disclosure below in no smaller than twelve-point type. If the solicitation is made by telephone the disclosure may be summarized and given orally, provided that written disclosure is mailed to the debtor within ten days of enrollment.
8 This coverage might duplicate existing coverage if you have a residential property insurance policy. It applies to any item of covered property on which you owe a debt. This coverage is primary, so it is the first source to be used in the event of a loss on property it covers. You may cancel this coverage at any time by calling the insurer at the telephone number provided to you, or by writing to the insurer. We are charging you a premium that may be based on things for which a claim cannot be made, such as services, meals or other consumables, entertainment, finance or service fees, loan interest, delivery charges or other insurance premiums All credit personal property insurance shall be evidenced by an individual policy or a certificate of insurance that shall be delivered to the debtor. The individual policy or certificate of insurance shall, in addition to other requirements of law, set forth the following: a. The name and home office address of the insurer; b. The name or names of the debtor or debtors, or, in the case of a certificate of insurance, the identity by name or otherwise of the debtor or debtors; c. The premium or amount of payment by the debtor, except that for open-end credit, the premium rate and balance to which the rate applies shall be specified; d. A full description of the coverage or coverages including the amount and term thereof, and any exceptions, limitations, and exclusions; e. A statement that the benefits shall be paid to the creditor to reduce or extinguish the unpaid debt or to repair or replace the property and, whenever the amount of loss payment exceeds the unpaid debt, that any excess payment shall be payable to the debtor; f. If the scheduled term of the insurance is less than the scheduled term of the credit transaction, a statement to that effect on the face of the individual policy or certificate of insurance in not less than twelve-point bold face type; and g. If the policy is issued to cover open-end consumer transactions, it shall provide that the policyholder or certificate holder will be furnished the following disclosure notice with the account statement at least annually in no smaller than twelve-point type: You are paying credit property insurance premium based on the outstanding balance of this account. You may cancel this coverage at any time by calling the insurer at the telephone number the insurer has provided to you, or by writing to the insurer. Your premium may be based on things for which a claim cannot be made, such as services, meals or other consumables, entertainment, finance or service fees, loan interest, delivery charges, or other insurance premiums Except as provided in subsection 4.6, the individual policy or group certificate shall be delivered to the debtor upon acceptance of the insurance by the insurer.
9 4.6. An individual policy or group certificate delivered in conjunction with an open-end credit agreement or any credit personal property insurance requested by the debtor after the date the indebtedness is incurred shall be delivered within thirty days of the date the insurance is requested by the debtor Filing and Approval of Rates and Forms. All policies, certificates of insurance, group and individual applications for insurance and enrollment forms, endorsements and riders delivered or issued for delivery in this state and the schedules of premium rates pertaining thereto shall be filed with the commissioner and approved according to the provisions of W. Va. Code , and , et seq Reasonableness of Benefits in Relation to Premium Charge An insurer may revise its schedule of premium rates from time to time and shall file the revised schedules with the commissioner pursuant to the filing requirements in section five of this rule. An insurer shall not issue a credit personal property insurance policy for which the premium rates exceed that determined by the approved schedules of the insurer then on file with the commissioner Benefits provided by credit personal property insurance policies shall be reasonable in relation to the premium charged. This requirement is satisfied if the premium rate charged develops or may reasonably be expected to develop a loss ratio of not less than sixty percent or such other loss ratio as designated by the commissioner to afford a reasonable allowance for actual and expected loss experience including a reasonable catastrophe provision, general and administrative expenses, reasonable acquisition expenses, reasonable creditor compensation, investment income, premium taxes, licenses, fees, assessments, and reasonable insurer profit For open-end credit transactions, an insurer s rating plan shall address, by grouping of like accounts, the expected variance in the mix of goods purchased that are covered under the credit personal property coverage versus items purchased that are not covered under the credit personal property coverage. Accounts shall be separated into groupings that possess or are expected to possess a similar mix of covered goods purchased versus not covered goods purchased Experience Reports. An insurer doing insurance business in this state shall annually file with the commissioner and the National Association of Insurance Commissioners (NAIC) a report of credit personal property insurance written on a calendar year basis. The report shall utilize the Credit Insurance Supplement Annual Statement Blank approved by the NAIC, and shall contain data separately for each state, rather than an allocation of the company s countrywide experience. The filing shall be made in accordance with and no later than the due date in the Instructions to the Annual Statement Cancellation and Refund of Unearned Premium.
10 8.1. Upon cancellation for any reason, the debtor is entitled to a refund of unearned premiums calculated on a daily pro rata basis. No refunds of less than one dollar are required Claims All claims shall be promptly reported by the creditor to the insurer or its designated claim representative, and the insurer shall maintain adequate claim files. All claims shall be settled as soon as possible and in accordance with the terms of the insurance contract All claims shall be paid either by draft drawn upon the insurer, by electronic funds transfer, or by check of the insurer to the order of the claimant to whom payment of the claim is due pursuant to the policy provisions, or upon direction of the claimant to the party specified by the claimant No plan or arrangement may be used whereby any person, firm or corporation other than the insurer or its designated claim representative is authorized to settle or adjust claims. The creditor may not be designated as claim representative for the insurer in adjusting claims: Provided, that once the amount is determined a group policyholder may, by arrangement with the group insurer, draw drafts, checks or electronic transfers in payment of claims due to the group policyholder subject to audit and review by the insurer No claim may be denied because the debtor was ineligible for coverage later than ninety days after the initiation of coverage unless the debtor misrepresented a material fact. If a claim is denied because the debtor was ineligible for coverage within ninety days after initiation of coverage or because the debtor misrepresented a material fact for coverage, the insurer shall refund to the debtor all premium paid and the creditor shall refund any finance charge paid on the premium All claims for credit personal property insurance shall be subject to W. Va. Code (9).
1 MINNESOTA STATUTES 2015 62B.02 CHAPTER 62B CREDIT INSURANCE 62B.01 SCOPE. 62B.02 DEFINITIONS. 62B.03 FORMS OF CREDIT LIFE INSURANCE, CREDIT ACCIDENT AND HEALTH INSURANCE, AND CREDIT INVOLUNTARY UNEMPLOYMENT
State of New Hampshire Insurance Department REVIEW REQUIREMENTS CHECKLIST FOR CREDIT LIFE, ACCIDENT, UNEMPLOYMENT AND DISABILITY INCOME INSURANCE LINE OF BUSINESS: CREDIT TOI CODES: CR01 through CR07 INSTRUCTIONS
CREDIT INSURANCE ACT Act 173 of 1958 AN ACT to provide for the regulation of credit life insurance and credit accident and health insurance; to define the powers and duties of the state commissioner of
Rules of Department of Insurance Division 600 Statistical Reporting Chapter 2 Credit Insurance Title Page 20 CSR 600-2.100 Life and Accident and Sickness...3 20 CSR 600-2.110 Revision of Life and Accident
Table of Contents 18.01.61 - Credit Life and 000. Legal Authority.... 2 001. Title And Scope.... 2 002. -- 003. (Reserved).... 2 004. Definitions.... 2 005. -- 010. (Reserved).... 3 011. Rights And Treatment
GENERAL ASSEMBLY OF NORTH CAROLINA 1993 SESSION CHAPTER 226 HOUSE BILL 665 AN ACT TO IMPROVE THE REGULATION OF CREDIT INSURANCE AND LOWER PREMIUM RATES CHARGED FOR CREDIT INSURANCE. The General Assembly
Rules of Department of Economic Development Division 140 Division of Finance Chapter 5 Small Loan Companies Title Page 4 CSR 140-5.010 Audits...3 4 CSR 140-5.020 Lending Activities...3 CODE OF STATE REGULATIONS
The Georgia Industrial Loan Association Norman Kinsler Loan Managers School Training and Reference Manual Approved by: Ralph T. Hudgens Industrial Loan Commissioner Justin K. Durrance Deputy Industrial
STATE OF MISSISSIPPI DEPARTMENT OF BANKING AND CONSUMER FINANCE CONSUMER FINANCE DIVISION REGULATIONS FOR THE SMALL LOAN REGULATORY LAW AND SMALL LOAN PRIVILEGE TAX LAW John S. Allison, Commissioner Sections
CHAPTER 190 AN ACT concerning group life insurance,supplementing Title 17B of the New Jersey Statutesand repealing parts of the statutory law. BE IT ENACTED by the Senate and General Assembly of the State
State of Rhode Island and Providence Plantations DEPARTMENT OF BUSINESS REGULATION Division of Insurance 1511 Pontiac Avenue Cranston, RI 02920 INSURANCE REGULATION 9 CONSUMER CREDIT INSURANCE Table of
DEPARTMENT OF BANKING AND INSURANCE VERMONT REGULATION I-84-1 (REVISED) CREDIT LIFE AND CREDIT ACCIDENT AND HEALTH INSURANCE Table of Contents Section 1. Section 2. Section 3. Section 4. Section 5. Section
CHAPTER 51-13 RETAIL INSTALLMENT SALES ACT 51-13-01. Definitions. In this chapter, unless the context or subject matter otherwise requires: 1. "Amount financed" or "unpaid balance" means the cash price
Chapter 16.---CONTRACTS AND PROMISES Article 1.---General Provisions K.S.A. 16-117. Credit agreements; definitions. As used in this act: (a) "Credit agreement" means an agreement by a financial institution
3442. Credit card, debit card, or checking account group policies (a) For purposes of this section, unless the context requires otherwise: (1) " Account group member " means a person: (A) to whom a credit
114CSR14 WEST VIRGINIA LEGISLATIVE RULE INSURANCE COMMISSIONER SERIES 14 UNFAIR TRADE PRACTICES Section. 114-14-1. General. 114-14-2. Definitions. 114-14-3. File and Record Documentation. 114-14-4. Representation
TITLE 13 CHAPTER 18 PART 2 INSURANCE CREDIT INSURANCE CREDIT LIFE AND CREDIT HEALTH INSURANCE 188.8.131.52 ISSUING AGENCY: New Mexico Public Regulation Commission Insurance Division. [7/1/97; 184.108.40.206 NMAC
GOLD MASTERCARD AND STANDARD MASTERCARD CONSUMER CREDIT CARD AGREEMENT In this Agreement, Agreement means this Consumer Credit Card Agreement. Disclosure means the Credit Card Account Opening Disclosure.
NEW YORK STATE INSURANCE DEPARTMENT Regulation 27A (11NYCRR 185) CREDIT LIFE INSURANCE AND CREDIT ACCIDENT AND HEALTH INSURANCE I, Neil D. Levin, Superintendent of Insurance of the State of New York, pursuant
LA R.S. 22:3051-3065 [Added by Acts 1997, No. 1475, 2, eff. July 15, 1997] LOUISIANA REVISED STATUTES TITLE 22. INSURANCE CHAPTER 6. FINANCIAL INSTITUTION SALES 3051. Short title 3052. Purpose This Chapter
Collateral Protection Insurance / Blanket Vender Single Interest Financial Institutions have three options to manage their Risk related to their Auto or Rolling Stock collateral. These are: Self Insure
KANSAS ADMINISTRATIVE REGULATIONS Agency 75 State Bank Commissioner Consumer and Mortgage Lending Division Article 6 UNIFORM CONSUMER CREDIT CODE K.A.R. 75-6-1 - Making transactions outside of the scope
CHAPTER 45-07-01.1 CONSUMER CREDIT INSURANCE Section 45-07-01.1-01 Definitions 45-07-01.1-02 Rights and TreatmentofDebtors 45-07-01.1-03 Determination of Reasonableness of Benefits in Relation to Premium
PROPOSED REGULATION OF THE COMISSIONER OF MORTGAGE LENDING LCB File No. R091-10 NRS 645B MORTGAGE BROKERS EXPLANATION Matter in italics is new; matter in brackets [omitted material] is material to be omitted.
Figure: 7 TAC 84.809(b) MOTOR VEHICLE RETAIL INSTALLMENT SALES CONTRACT (Optional: DATE ) BUYER SELLER/CREDITOR ADDRESS ADDRESS CITY STATE ZIP CITY STATE ZIP PHONE PHONE The Buyer is referred to as "I"
WASHINGTON INSURANCE GUARANTY ASSOCIATION ACT Section 48.32.010. Purpose 48.32.020. Scope 48.32.030. Definitions 48.32.040. Creation of the association-required accounts 48.32.050. Board of directors 48.32.060.
CARDMEMBER AGREEMENT AND DISCLOSURE STATEMENT Part 1 of 2: Agreement About this Agreement Part 1 and 2 together make your Cardmember Agreement and Disclosure Statement ( Agreement ) and govern your Credit
Connecticut Industrial Building Commission Sec. 32-13 page 1 (9-97) TABLE OF CONTENTS Insuring of Industrial Mortgages Application and fees... 32-13- 1 Commitment or unacceptance... 32-13- 2 Covenant for
Ch. 73 LIFE, ACCIDENT AND HEALTH 31 CHAPTER 73. CREDIT LIFE INSURANCE AND CREDIT ACCIDENT AND HEALTH INSURANCE Sec. 73.1 73.5. [Reserved]. 73.11 73.13. [Reserved]. 73.21 73.29. [Reserved]. 73.31 73.43.
The following sections are an overview of the relevant sections of the Act and Regulations concerning Restricted Certificate holders. This is not intended to be an exhaustive review of every requirement.
Table of Contents State of Rhode Island and Providence Plantations DEPARTMENT OF BUSINESS REGULATION Division of Insurance 1511 Pontiac Avenue Cranston, RI 02920 INSURANCE REGULATION 21 MEDICAL MALPRACTICE
State of Illinois Vendor Payment Program Program Terms December 13, 2012 Background: As a result of the current cash flow deficit, the State of Illinois (the State ) has been forced to delay payment to
Chapter 2d Utah High Cost Home Loan Act 61-2d-101 Title. This chapter is known as the "Utah High Cost Home Loan Act." 61-2d-102 Definitions. As used in this part: (1) "Accelerate" means a demand for immediate
IDAHO INSURANCE GUARANTY ASSOCIATION ACT 41-3601. Short title This act shall be known and may be cited as the "Idaho Insurance Guaranty Association Act." [1970, ch. 152, 1.] 41-3602. Repealed. 1997, ch.
114CSR83 TITLE 114 EMERGENCY RULE INSURANCE COMMISSIONER SERIES 83 DISCOUNT MEDICAL PLAN ORGANIZATIONS AND DISCOUNT PRESCRIPTION DRUG PLAN ORGANIZATIONS Section 114-83-1. General. 114-83-2. Licensing Requirements.
SECURITIES AND EXCHANGE COMMISSION [Investment Company Act Release No. IC-32163; File No. 812-14523] MainStay Funds Trust, et al.; Notice of Application June 27, 2016 Agency: Securities and Exchange Commission
8/30/12 Key Colorado State Laws AND Regulations Effecting Homeowners Insurance 10-1-101. Legislative declaration TITLE 10. INSURANCE GENERAL PROVISIONS ARTICLE 1.GENERAL PROVISIONS PART 1. GENERAL PROVISIONS
11 NCAC 12.0436 INSURANCE POLICY REQUIREMENTS The Commissioner shall not approve any variable life insurance form filed pursuant to this Rule unless it conforms to the requirements of this Section: (1)
Equipment Financing Christine Gould Hamm February 27, 2015 Equipment Equipment means goods other than inventory, farm products, or consumer goods. UCC 9-102(a)(33). Inventory goods held for sale or lease
IC 24-9-3 Chapter 3. Prohibited Lending Practices Generally IC 24-9-3-0.1 Chapter not applicable to loans made before January 1, 2005 Sec. 0.1. Notwithstanding the addition of this chapter and IC 24-9-4
COMMUNICATION NO. 313635 PROPOSED ORDINANCE AMENDMENT Sponsored by THE HONORABLE TONI PRECKWINKLE, PRESIDENT, EARLEAN COLLINS, JERRY BUTLER, JOHN P. DALEY, JESUS G. GARCIA, EDWIN REYES, ROBERT B. STEELE
Business Activities s Mortgage First mortgage brokering Second mortgage brokering First mortgage lending Second mortgage lending First mortgage servicing Third party first mortgage servicing Subordinate
THE BEACON MUTUAL INSURANCE COMPANY CHARTER Rhode Island Public Laws 2003, Chapter 410, enacted August 6, 2003; as amended by Rhode Island Public Laws 2005, Chapter 117, Article16, Section10, enacted July
Credit Card Agreement Visa Platinum Rewards Part I: Interest Rates and Interest Charges Visa Platinum Annual Percentage Rate (APR) for Purchases 8.25% to 13.25% This APR will vary with the market based
WASHINGTON UNIVERSITY SCHOOL OF LAW NEW LOAN REPAYMENT ASSISTANCE PROGRAM (LRAP II) (Last updated: January 19, 2015) I INTRODUCTION To help law students who want to secure employment in low paying public
DISTRICT OF COLUMBIA OFFICIAL CODE TITLE 31. INSURANCE AND SECURITIES. CHAPTER 50B. TITLE INSURANCE PRODUCERS. 2001 Edition DISTRICT OF COLUMBIA OFFICIAL CODE CHAPTER 50B. TITLE INSURANCE PRODUCERS. TABLE
SENATE, NO. 2476 [Senate, June 17, 2010 - New draft of Senate, No. 462 and House, No. 979 reported from the committee on Financial Services.] The Commonwealth of Massachusetts IN THE YEAR OF TWO THOUSAND
Agency Agreement The Superpreferred Company The Preferred Company The Standard Company Each of the companies designated above by the mark X opposite its names is a party to this Agreement and is hereafter
BBVA Compass SECURED VISA BUSINESS CREDIT CARD AGREEMENT This Agreement should be read carefully and maintained in the Business records. This Secured Visa Business Credit Card Agreement (the "Agreement")
MORTGAGE BROKER AGREEMENT This Mortgage Broker Agreement (the "Agreement") is entered into by and between: ST. CLOUD MORTGAGE, a California Corporation (the "Lender"), and (the "Mortgage Broker") as of
Know The Rules Truth in Lending and Florida Compliance Continuing Education for Florida Mortgage Professionals www.bookmarkeducation.com Know The Rules Truth in Lending and Florida Compliance A considerable
STATE OF OKLAHOMA 2nd Session of the 50th Legislature (2006) SENATE BILL 1385 By: Johnson (Mike) AS INTRODUCED An Act relating to insurance; creating the Oklahoma Homeowner s Private Mortgage Insurance
TITLE 365. CHAPTER 10. LIFE, ACCIDENT AND HEALTH SUBCHAPTER 5. MINIMUM STANDARDS; CONTRACT GUIDELINES PART 7. CREDIT LIFE AND CREDIT ACCIDENT AND HEALTH INSURANCE 365:10-5-60. Purpose The purpose of this
BUSINESS CREDIT AND CONTINUING SECURITY AGREEMENT This Business Credit and Continuing Security Agreement ("Agreement") includes this Agreement and may include a Business Credit Agreement Rider and Business
Fix Up Loan Unsecured Automated Payment via Automated Clearing House (ACH) NOTE Loan Amount: Term of Loan: months Date: BORROWER NAME Last First MI CO-BORROWER NAME Last First MI PROPERTY ADDRESS Street
House of Representatives General Assembly File No. 44 February Session, 2002 Substitute House Bill No. 5073 House of Representatives, March 18, 2002 The Committee on Banks reported through REP. DOYLE of
In this Platinum Visa Card Agreement and Agreement and Disclosure Statement the words I, me, my and mine mean each and all of those who apply for or use the First Technology Federal Credit Union Platinum
USER GUIDE FOR THE LOANLINER HOME EQUITY SYSTEM MEMBER S CHOICE TM PAYMENT PROTECTION Copyright 1989, 1998, 2003, 2004, CUNA Mutual Group, Madison, Wisconsin. ALL RIGHTS RESERVED. LOANLINER HOME EQUITY
CREDIT CARD DISCLOSURE STATEMENT AND AGREEMENT FOR APGFCU CREDIT AND SHARE SECURED CREDIT In this Agreement the words you and your mean each and all of those who apply for the card or who sign this Agreement.
0 1 STATE OF OREGON DEPARTMENT OF CONSUMER AND BUSINESS SERVICES INSURANCE DIVISION In the Matter of Bankers Life and ) STIPULATION and Casualty Company ) FINAL ORDER ) Case No. INS 0--00 STIPULATION The
UMB Discover Cardholder Agreement 1. Your Agreement to these Terms and Conditions; Definitions. The terms and conditions in this Agreement govern your Card and all credit extended to you under this Agreement.
Chapter 17 Interest on Mortgage Loan Reserve Accounts 7-17-1 Legislative intent. It is the intent of the Legislature that the provisions of this act govern the rights, duties and liabilities of borrowers
STANDARD MASTERCARD, GOLD MASTERCARD AND PLATINUM MASTERCARD CONSUMER CREDIT CARD AGREEMENT In this Agreement, Agreement means this Consumer Credit Card Agreement. Disclosure means the Credit Card Account
Source: http://www.lexisnexis.com/hottopics/tncode/ 47-30-101. Short title. This chapter shall be known and may be cited as the "Home Equity Conversion Mortgage Act." HISTORY: Acts 1993, ch. 410, 2. 47-30-102.
REGISTRATION AND REGULATION OF THIRD PARTY ADMINISTRATORS (TPAs) (An NAIC Guideline) This Guideline, offered in two versions, is a revision of the Third Party Administrator Statute, which was first adopted
VISA APPLICATION AND SOLICITATION DISCLOSURE Interest Rates and Interest Charges Annual Percentage Rate (APR) for Purchases APR for Balance Transfers APR for Cash Advances Visa Platinum 7.90% to 17.90%
CHAPTER 207 AN ACT concerning the regulation of long-term care insurance. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey: C.17B:27E-1 Purpose of act on long-term care insurance.
Using Credit Information when Issuing Personal Insurance The purpose of this draft legislation is to protect consumers from underwriting and rating decisions, including denial or nonrenewal of insurance
HOUSE OF REPRESENTATIVES STAFF ANALYSIS BILL #: HB 1379 Warranty Associations SPONSOR(S): Kelly TIED BILLS: IDEN./SIM. BILLS: SB 2618 REFERENCE ACTION ANALYST STAFF DIRECTOR 1) Insurance, Business & Financial
Debt Adjusting Companies and Credit Services Businesses: Tennessee s Requirements Tennessee law has separate provisions relative to debt adjusting companies and credit services businesses (see the definitions
Article 54. Medicare Supplement Insurance Minimum Standards. 58-54-1. Definitions. Unless the context clearly indicates otherwise, the following words, as used in this Article, have the following meanings:
Fiduciary Liability Policy Declarations Insurance is provided by the following Company: Zurich American Insurance Company Policy Number: Item 1. Parent Company and address: Item 2. Limits of Liability:
GUARANTEE (Prime Rate) TERMS YOU NEED TO KNOW In this document, the terms below have the following particular meanings: (a) Credit Document means any present or future agreement between us and the Customer
Four Seasons Property Management Inc 2334 The Plaza Charlotte, NC 28205 EXCLUSIVE PROPERTY MANAGEMENT AGREEMENT Long-term Rental Property This Exclusive Property Management Agreement is entered into by
VERMONT DEPARTMENT OF BANKING AND INSURANCE REVISED REGULATION 77-2 VERMONT LIFE INSURANCE SOLICITATION REGULATION Section 1. AUTHORITY This rule is adopted and promulgated by the Commissioner of Banking
This document is scheduled to be published in the Federal Register on 07/07/2016 and available online at http://federalregister.gov/a/2016-16038, and on FDsys.gov 8011-01p SECURITIES AND EXCHANGE COMMISSION
CREDIT CARD AGREEMENT AND DISCLOSURE STATEMENT THIS IS YOUR CREDIT CARD AGREEMENT AND IT INCLUDES NECESSARY FEDERAL TRUTH-IN- LENDING DISCLOSURE STATEMENTS, WORLD MASTERCARD, MASTERCARD PLATINUM, MASTERCARD
SB49 Enrolled LRB9201970MWcd 1 AN ACT concerning home mortgages. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 1. Short title. This Act may be
Visa Platinum Rewards Credit Card Account Opening Disclosure Interest Rates and Interest Charges For Purchases, and Cash Advances For Balance Transfers 9.9% This APR may change based upon your creditworthiness.
Article 60. Standards of Disclosure for Annuities and Life Insurance. Part 1. Regulation of Life Insurance Solicitation. 58-60-1. Short title; purpose. (a) This Part may be cited as the "Life Insurance
ARCH CAPITAL ADVISORS TERM SHEET Mezzanine Debt This term sheet does not constitute an offer and is solely for discussion purposes. This term sheet shall not be construed as creating any obligations on
DKLAHOMA TAX COMMISSION TAx POLICY DIVISION DAWN CASH, DIRECTOR Q* f * \ %/ PHONE ( 405) 521-3133 FACSIMILE ( 405) 522-0063 Re: Our file number Dear This letter ruling is in response to your letter ruling
AGREEMENT OF PURCHASE AND SALE This Agreement of Purchase and sale ( Agreement Buyer Agency Agreement ( Agreement ), dated as of,is made by and between: ( Buyer or Lessee ), whose address is, telephone