THE PURPOSE OF THIS REQUIREMENT IS TO PROVIDE LENDER-PLACED INSURANCE ON PROPERTIES FINANCED THROUGH RURAL DEVELOPMENT HOUSING PROGRAMS TO MITIGATE RISK TO RD'S PORTFOLIO OF PROPERTIES WHEN THE BORROWERS FAIL TO PROVIDE ADEQUATE INSURANCE THEMSE

DEFINITIVE CONTRACT won by PROCTOR FINANCIAL INC. · work in TROY, MI
$258,000
RecipientPROCTOR FINANCIAL INC. UEI GYV1AZ75LNM1
Award ID12C0BA26C0001
Award amount$258,000
Award typeDEFINITIVE CONTRACT
Awarding agencyDepartment of Agriculture — Rural Housing Service
NAICS524210 — INSURANCE AGENCIES AND BROKERAGES
PSCG008
Start dateMar 30, 2026
End dateMar 29, 2031
Place of performanceTROY, MI
Record updatedJul 13, 2026

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THIS CONTRACT PROVIDES FOR A ONE BASE YEAR AND 4 OPTION PERIODS OF ONE YEAR EACH, PROVIDING FOR FIVE YEAR POP PROVIDED ALL OPTION PERIODS ARE EXERCISED TO PROVIDE NATIONWIDE LENDER-PLACED INSURANCE. CONTRACT 12C0BA21C0001
Department of Agriculture · $477,148 · Dec 30, 2020
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