SECTION 330:10-9-2. Insurance requirements

Latest version.

  The following are insurance requirements for the mortgage loan:
(1)   Twenty percent (20%) Pool Insurance with 30 day advance claim payment clause.
(2)   Special hazard insurance
(3)   Mortgage servicer indemnity bond
(4)   Errors and omissions insurance
(5)   Fidelity bond
(6)   Flood insurance (where applicable)
(7)   Private mortgage insurance (where applicable)

                    
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