Sec. 36a-757. (Formerly Sec. 36-9u). Mortgage insurance requirements limited.
73 words·~1 min read·
/ct/title-36a/chapter-669-regulated-activities/36a-757·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No mortgage lender shall, in connection with any application for a mortgage loan in this state which is secured by mortgage on residential real estate located in this state, require any prospective mortgagor to obtain by purchase or otherwise a fire insurance policy, flood insurance policy, other extended coverage policy, or any combination thereof, in excess of the replacement value of the covered premises as a condition for the granting of such mortgage.