Covenant for malpractice, fire, and other hazard insurance.

  1. Law
  2. CFR 24
  3. Housing and Urban Development
  4. Regulations Relating to Housing and Urban Development
  5. Office of Assistant Secretary for Housing - Federal Housing Commissioner, Department of Housing and Urban Development
  6. Mortgage and Loan Insurance Programs Under National Housing Act and Other Authorities
  7. Mortgage Insurance for Hospitals
  8. Mortgage Requirements
  9. Covenant for malpractice, fire, and other hazard insurance.

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§ 242.33 Covenant for malpractice, fire, and other hazard insurance.

The mortgage shall contain a covenant binding the mortgagor to maintain adequate liability, fire, and extended coverage insurance on the property. The mortgage shall also contain a covenant binding the mortgagor to maintain adequate malpractice coverage. All coverage shall be acceptable to the mortgagee or HUD.

[73 FR 35923, June 25, 2008]


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