24 CFR 242.33
§ 242.33 Covenant for malpractice, fire, and other hazard insurance.
United States · 24 CFR — Housing and Urban Development · Status: effective
Cite this
- Citation
- 24 CFR 242.33, § 242.33 Covenant for malpractice, fire, and other hazard insurance, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/100211
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Full text
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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.