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  • February 6, 2013 at 10:21 pm EST #2626
    kmeade
    Participant

    Is there a restriction, on a loan if section 32 or sections 35 are applicable, that prohibiting financing single premium credit life insurance?

    April 29, 2013 at 11:20 pm EDT #3092
    jholzknecht
    Keymaster

    Section 12 CFR 1026.36(i) prohibits financing single premium credit insurance for closed-end consumer credit transactions secured by a dwelling and for a home equity line of credit secured by a consumer’s principal dwelling.

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