HS 1 for HB 168 — Session Law

… Y FORMERLY HOUSE SUBSTITUTE NO. 1 FOR HOUSE BILL NO. 168 AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO INSURANCE INVESTMENTS. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE: Section 1. Amend Title 18 of the Delawar …

… s amended, or insured by the Federal Housing Administrator or other United States or Canadian government agency. (3) Insurance not less comprehensive than fire and extended coverage must be carried on the improvements, if any, on the real estat …

… s or the unpaid balance of the investment, whichever is the lesser amount, and the policy or policies evidencing such insurance shall be endorsed to show the interest of the lender. (4) No mortgage loan upon a leasehold shall be made or acquire …