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2019 Indiana Code
Title 32. Property
Article 29. Mortgages
Chapter 1. Mortgage of Real Estate
32-29-1-2.5. Hazard insurance
Universal Citation: IN Code § 32-29-1-2.5 (2019)
IC 32-29-1-2.5 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.
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