TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER II: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 345 HIGH RISK HOME LOANS
SECTION 345.50 PRE-PAID INSURANCE PRODUCTS AND WARRANTIES
Section 345.50 Pre-paid Insurance Products and Warranties
No lender shall make a high risk home loan that finances a single premium credit life, credit disability, credit unemployment, or any other life or health insurance, directly or indirectly. Insurance calculated and paid on a monthly basis shall not be considered to be financed by the lender.