§242.33. Covenant for malpractice, fire, and other hazard insurance.
24 C.F.R. § 242.33
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.
Notes, amendments, and revision history
Amendments
[73 FR 35923, June 25, 2008]
Authority
Authority: 12 U.S.C. 1709, 1710, 1715b, 1715n(f), and 1715u; 42 U.S.C. 3535(d).
Source
Source: 72 FR 67546, Nov. 28, 2007, unless otherwise noted.
Amendments
[73 FR 35923, June 25, 2008]