Is it a legal requirement to have life insurance with a mortgage?

Is it a legal requirement to have life insurance with a mortgage?

You’re not legally obliged to get life insurance for a mortgage, but some lenders may consider it a precondition for letting you borrow money to buy a home. For the vast majority of homeowners, having financial protection in place makes sense. Sep 29, 2021

See also  What is the main disadvantage of whole life insurance?