© 2018 Fannie Mae Single Family Servicing Guide
The HOA or co-op corporation for a PUD, condo, or co-op project must maintain a comprehensive general liability insurance policy covering the entire project, including:
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The policy must provide at least 10 days written notice to the HOA or co-op corporation before the insurer can cancel or substantially modify the policy. For condo and co-op projects, similar notice also must be given to each holder of a first lien mortgage loan on an individual unit in the project.Additional Information: https://www.fanniemae.com/content/guide/servicing/b/7/01.html