---
kind: "section"
citation: "7 C.F.R. § 3550.156"
title: "7"
number: "3550.156"
heading: "Borrower obligations."
url: "https://uscodex.org/cfr/7/3550.156"
---

# §3550.156. Borrower obligations.

- (a) After receiving a loan from RHS, borrowers are expected to meet a variety of obligations outlined in the loan documents. In addition to making timely payments, these obligations include:
  - (1) Maintaining the security property; and
  - (2) Maintaining an adequately funded escrow account, or paying real estate taxes, hazard and flood insurance, and other related costs when due.
- (b) If a borrower fails to fulfill these obligations, RHS may obtain the needed service and charge the cost to the borrowers account.

## Notes

### Authority

Authority: 5 U.S.C. 301; 42 U.S.C. 1480.

### Source

Source: 61 FR 59779, Nov. 22, 1996, unless otherwise noted.