7 C.F.R. § 3550.156

Borrower obligations.

Last amended: 2016Year: 2026Length: 81 wordsSubsections: 1Official source

Cite as 7 C.F.R. § 3550.156 (2026)

(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.
7 C.F.R. § 3550.156: Borrower obligations. | Justis AI