Underwriting and servicing standards.

CFR · 2024-01-01 · US · Title 13

(a) (2) The terms and conditions of the bond and the Contract must be reasonable in light of the risks involved and the extent of the Surety's participation. The bond must satisfy the eligibility requirements set forth in § 115.12(b). The Surety must be satisfied as to the reasonableness of cost and the feasibility of successful completion of the Contract. (b)

official document · source cfr-2024 · id 13:§ 115.15