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#205254 - 06/28/04 09:49 PM 226.4( c) Disclosure of Insurance
Kahola Offline
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Kahola
Joined: May 2001
Posts: 712
Scottsdale, AZ. 85255
We are using a new processing/closing system for mortgage loans and I notice that the TIL does not provide an Insurance Section stating that "this loan requires the following insurance: Hazard, Flood, PMI etc." and the statement "borrower may obtain ins. thru any person of his/her choice, provided said carrier meets the requirements of the Lender". Don't we need to disclose this information on the TIL?

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Lending Compliance
#205255 - 06/29/04 12:24 PM Re: 226.4( c) Disclosure of Insurance
Anonymous
Unregistered

The Commentary to 226.18(n) regarding insurance disclosures states that the disclosure may appear apart from the other disclosures.

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