515C.1 - DEFINITION.
515C.1 DEFINITION. "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.
Section History: Early Form [C66, 71, 73, 75, 77, 79, 81, § 515C.1]
Section History: Recent Form 95 Acts, ch 67, §37; 2001 Acts, ch 153, §15; 2001 Acts, ch 176, §80