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Re: Financing of Forced Place Insurance

Home Forums Compliance Masters Group (Members Only) Financing of Forced Place Insurance Re: Financing of Forced Place Insurance

#3106
jholzknecht
Keymaster

The definition of “credit insurance” does not appear to include force-placed property insurance. The Commentary explains the concept of credit insurance by stating the such insurance “generally insures the consumer in the event of a specific event and the benefit is to make the consumer’s periodic payment.”