Under Delaware Regulation 2401, which insurance-related requirement is prohibited?
Correct Answer
A) Causing or requiring a borrower to obtain property insurance exceeding the replacement cost of the improvements as established by the property insurer
Delaware Regulation 2401 prohibits causing or requiring a borrower to obtain property insurance coverage in an amount exceeding the replacement cost of the improvements as established by the property insurer.
Why This Is the Correct Answer
Delaware Regulation 2401 prohibits causing or requiring a borrower to obtain property insurance coverage in an amount exceeding the replacement cost of the improvements as established by the property insurer.
More UST Questions
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