7 CFR 1788.6
§ 1788.6 RUS right to place insurance.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 1788.6, § 1788.6 RUS right to place insurance, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/28361
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Full text
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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.