RUS Fidelity and Insurance Requirements for Electric and Telecommunications Borrowers

Resumo

The Rural Utilities Service (RUS) proposes to streamline its fidelity and insurance requirements for electric and telecommunications systems. The rule was last revised in 1986, and the proposed revisions are intended to update requirements. The rule proposes a flexible approach to insurance that protects the government's security interest in mortgaged assets and conforms to today's business practices.