Connecticut Statutes
§ 36a-757 — (Formerly Sec. 36-9u). Mortgage insurance requirements limited.
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.
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Connecticut § 36a-757 ((Formerly Sec. 36-9u). Mortgage insurance requirements limited.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(P.A. 84-212; P.A. 00-95.) History: Sec. 36-9u transferred to Sec. 36a-757 in 1995; P.A. 00-95 added “flood insurance policy, other extended coverage policy, or any combination thereof”.
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