---
kind: "section"
citation: "7 C.F.R. § 1788.47"
title: "7"
number: "1788.47"
heading: "Policy requirements."
url: "https://uscodex.org/cfr/7/1788.47"
---

# §1788.47. Policy requirements.

- (a) Contractors, engineers, and architects performing work for borrowers under construction, engineering, and architectural service contracts shall obtain insurance coverage, as required in [§ 1788.48](/cfr/7/1788.48.md), and maintain it in effect until work under the contracts is completed.
- (b) Contractors entering into construction contracts with borrowers shall furnish a contractors' bond, except as provided for in [§ 1788.49](/cfr/7/1788.49.md), covering all of the contractors' undertaking under the contract.
- (c) Borrowers shall make sure that their contractors, engineers, and architects comply with the insurance and bond requirements of their contracts.

## Notes

### Authority

Authority: 7 U.S.C. 901 et seq.; 7 U.S.C. 1921 et seq.; 7 U.S.C. 6941 et seq.

### Source

Source: 64 FR 2, Jan. 4, 1999, unless otherwise noted.