---
kind: "section"
citation: "7 C.F.R. § 763.15"
title: "7"
number: "763.15"
heading: "Taxes and insurance."
url: "https://uscodex.org/cfr/7/763.15"
---

# §763.15. Taxes and insurance.

- (a) The seller will ensure that taxes and insurance on the real estate are paid timely and will provide the evidence of payment to the escrow or servicing agent.
- (b) The seller will maintain flood insurance, if available, if buildings are located in a special 100-year floodplain as defined by FEMA flood hazard area maps.
- (c) The seller will report any insurance claim and use of proceeds to the escrow or servicing agent.

## Notes

### Authority

Authority: 5 U.S.C. 501 and 7 U.S.C. 1989.

### Source

Source: 76 FR 75430, Dec. 2, 2011, unless otherwise noted.