Sec. 36a-757. (Formerly Sec. 36-9u). Mortgage insurance requirements limited.
Sec. 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.
(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".