Yesterday, the American Bankers Insurance Association hosted a Compliance Webinar and Discussion Group on Lender-Placed Insurance Regulations. Chrys Lemon, McIntyre & Lemon, discussed the notice and due diligence requirements regarding lender placed, or "force-placed," insurance. The CFPB requires that mortgage servicers provide certain notices to borrowers and perform reasonable diligence before charging borrowers for lender placed insurance. This webinar presented an overview of those disclosure and due diligence requirement as they relate to when servicers can force place insurance and charge borrowers lender placed insurance premiums.
View the presentation.
Want to learn more about upcoming ABIA Compliance Webinars and Discussion Groups? Contact us and view our website.