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Quoting Premiums

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  • #4459
    newbee05
    Participant

    On the notices required under 1024.37, servicers are required to quote the “the cost of the force placed insurance, stated as an annual premium”. In instances where a servicer force places insurance for a gap in coverage, would I just quote the specific amount of the premium, or would I still need to quote the entire annual premium?

    #4470
    rcooper
    Keymaster

    My interpretation is that you still need to quote the annual premium.

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