However, a 1.8 percent "guarantee" fee, equivalent to loan insurance, is payable at closing, which may be financed with the loan proceeds, said Mr. Freeman.

Things "Today's Papers" finds missing from the coverage: any mention or explanation of whether or not Japan has, like the United States, any sort of government-supported system of loan insurance.

The borrower usually bears the cost of any loan insurances, but if that's what you want.

The law would prohibit lenders from forcing borrowers, who are frequently minority members and the elderly, to buy certain kinds of loan insurance.

A leading element in the budget deficit is $88 billion for bank and savings and loan insurance.

Canada Bank Act prohibits most regulated lending institutions from providing mortgages without loan insurance if LTV is greater than 80%.

If the insurer agrees to return the premiums paid at a later date, the policy resembles a loan, not insurance, and runs afoul of accounting rules.

The proposal would expand those prohibitions to cover any Federal contracts, grants, or cooperative agreements worth more than $50,000 and loans, loan insurance or loan guarantees worth worth more than $150,000.

Customarily, the trustee of the insurance trust is authorized, but not required, to either purchase assets from the insured's estate or loan insurance proceeds to his or her estate.

The announcement came two weeks after Household said it would stop selling a type of loan insurance that consumer advocates have charged is little more than a tool for stripping the equity out of borrowers' homes.