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

Regulations last checked for updates: May 04, 2025

Title 24 - Housing and Urban Development last revised: Apr 20, 2025

View all text of Subpart C [§ 242.25 - § 242.38]

§ 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]

authority: 12 U.S.C. 1709,1710,1715b,1715n,and; 42 U.S.C. 3535(d)

source: 72 FR 67546, Nov. 28, 2007, unless otherwise noted.

cite as: 24 CFR 242.33