---
kind: "section"
citation: "24 C.F.R. § 242.33"
title: "24"
number: "242.33"
heading: "Covenant for malpractice, fire, and other hazard insurance."
url: "https://uscodex.org/cfr/24/242.33"
---

# §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.


## Notes

### 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]