7 Pa. Stat. § 6703
Current through Pa Acts 2024-53, 2024-56 through 2024-92
No lender may require a borrower, as a condition of obtaining or maintaining a secured loan, to obtain property insurance coverage which exceeds the replacement value of buildings and structures situate on the land used to secure the loan. A borrower on a loan secured by real property may not be required to insure the value of the land.
7 P.S. § 6703