Hazard insurance
Sec. 2.5. A mortgagee or a mortgagee's assignee or representative
may not require a mortgagor, as a condition of receiving or
maintaining a mortgage, to obtain hazard insurance coverage against
risks to improvements on the mortgaged property in an amount
exceeding the replacement value of the improvements.
As added by P.L.73-2004, SEC.45.
Last modified: May 24, 2006