The guarantee was sufficient to support banks the nation over to issue mortgage loans to purchasers whose initial installments were under 20 percent of the home's cost. These laws may continue to apply; for instance, the New York law gives "more extensive assurance" Similar state laws existed in eight states at the season of its passage; in 2000, a claim brought about discounts because of mortgage back up plans absence of consistence with a 1984 New York state law which expected guarantors to quit charging mortgage holders after a certain point. In the event that the policyholder were to kick the bucket while the mortgage disaster protection was in power, the policy would pay out a capital aggregate that will be only adequate to reimburse the exceptional mortgage.