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Senate Bill 0406

Senate Bill 0406

ARCHIVE (2004)

Latest Information

DIGEST OF SB406 (Updated February 4, 2004 5:50 pm - DI 84)

Hazard insurance coverage. Prohibits a lender from requiring a borrower to obtain hazard insurance in an amount exceeding the replacement value of the improvements on mortgaged property as a condition of receiving or maintaining the mortgage.
    Current Status:
    In Committee - 2nd House
    Latest Printing (PDF)