The SBA Lender includes all required insurance in the SBA Terms and Conditions and its credit memorandum. For loans above the SOP's threshold it requires hazard insurance on all collateral (and any state-required wind, hail or earthquake cover) at full replacement cost or, if unavailable, maximum insurable value, with a mortgagee clause (real estate) or lender's loss payable clause (personal property) protecting the 7(a) Lender or the CDC and SBA against the insured's acts and at least 10 days' notice of cancellation; the loan cannot be approved where hazard insurance is unavailable, subject to the stated small-loan exceptions for junior-lien residential collateral and very small asset bases, and SBA Express or Export Express lenders that waive it record why. Vessels pledged as collateral carry marine cover at full insurable value naming the lender as mortgagee, with a mortgagee clause protecting against acts of the owner or crew, breaches of warranty and changes of title, and protection and indemnity, breach of warranty and pollution cover, with 10 days' cancellation notice.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.