20-473. Obligation of mortgagee to furnish mortgagor copies of insurance policy
Whenever the mortgagee or a person acting for the mortgagee, by the terms of the mortgage agreement retains possession of the original policy of insurance insuring collateral security for a mortgage, and the mortgagee or his agent has procured the issuance of the insurance, then such mortgagee or his agent shall furnish the borrower, mortgagor or purchaser with a copy of the insurance policy.
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