I am trying to help someone buy a condominium unit in Texas and the lender is stating they need proof of Fidelity Bond insurance to be able to fund the transaction. The HOA is stating they do not have the fidelity bond insurance and will not purchase the insurance but do have a master insurance policy. I have spoke to several lenders and it seems they all require this insurance. Is the HOA required to keep the fidelity bond insurance? Also, the condominium has more than 20 units and built in 1983. Thank you for your help with any advice you can give.