GUARANTY LIABILITY. The guaranty agency shall guarantee— (i) 100 percent of the unpaid principal balance of each loan guaranteed for loans disbursed before October 1, 1993; (ii) Not more than 98 percent of the unpaid principal balance of each loan guaranteed for loans first disbursed on or after October 1, 1993 and before July 1, 2006; and (iii) Not more than 97 percent of the unpaid principal balance of each loan guaranteed for loans first disbursed on or after July 1, 2006.
Appears in 4 contracts
Sources: Loan Rehabilitation Agreement, Loan Rehabilitation Agreement, Loan Rehabilitation Agreement