§1788.6. RUS right to place insurance.
7 C.F.R. § 1788.6
If a borrower fails to purchase or maintain the required insurance and fidelity coverage, the mortgagees may place required insurance and fidelity coverage on behalf and in the name of the borrower. The borrower shall pay the cost of this coverage, as provided in the loan documents.
Notes, amendments, and revision history
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.