KRS 304.23-040: Advertising "insured loans" -- Conditions.

No bank, savings and loan association, insurance company or other lending institution,

any of whose authorized real estate securities are insured by mortgage guaranty insurance

companies may state in any brochure, pamphlet, report or any form of advertising that the

real estate loans of the bank, savings and loan association, insurance company or other

lending institution are "insured loans" unless the brochure, pamphlet, report or advertising

also clearly states that the loans are insured by private insure rs and the names of the

private insurers are given and shall not make any such statement at all unless such

insurance is by an insurer authorized to write this coverage in this state.