Delaware Code Title 18 Sec. 1110 – Mortgage guaranty contingency reserve
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Casualty or surety insurers insuring real property mortgage lenders against loss by reason of nonpayment of the mortgage indebtedness by the borrower shall maintain a contingency reserve for the protection of policyholders against the effects of adverse economic cycles.
18 Del. C. 1953, § ?1110; 56 Del. Laws, c. 380, § ?1; 74 Del. Laws, c. 214, § ?5;
Terms Used In Delaware Code Title 18 Sec. 1110
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.