7 C.F.R. § 1788.6

RUS right to place insurance.

Last amended: 2016Year: 2026Length: 47 wordsOfficial source

Cite as 7 C.F.R. § 1788.6 (2026)

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.
7 C.F.R. § 1788.6: RUS right to place insurance. | Justis AI