Question:
Our condo association recently allowed the fidelity bond to 
lapse. As result, one person seeking a reverse mortgage was refused by his bank, which gave the lack of a fidelity bond as the reason for the refusal. What are the requirements for a carrying fidelity bond in New York State and other states?
Get a free condo association insurance quote
Answers (16)
What are your thoughts on this topic?
Comments and postings are not legal advice, but are the opinions of our readers. This forum and its contents are being monitored. Please be respectful of each other.