§ 242.33 - Covenant for malpractice, fire, and other hazard insurance.

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§ 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.

[73 FR 35923, June 25, 2008]

                    
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§ 242.33 - Covenant for malpractice, fire, and other hazard insurance.

§ 242.33 Covenant for malpractice, fire, and other hazard insurance.