Skip to content
BOL Conferences
Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums Banker Forums Flood Compliance Policy expired - force place ?
Thread Options
#1872667 - 11/19/13 09:52 PM Policy expired - force place ?
SUSANE1 Offline
Platinum Poster
Joined: Mar 2008
Posts: 808
The policy expires today at midnight - no renewal in file as of yet. We are sending 45 day letter tomorrow. Cam we force place insurance tomorrow. Not for sure with all the new rules?

Return to Top
Flood Compliance
#1873863 - 11/22/13 09:51 PM Re: Policy expired - force place ? SUSANE1
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,393
Galveston, TX
Yes - you just cannot charge until day 46.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top
#1875153 - 12/02/13 03:42 PM Re: Policy expired - force place ? SUSANE1
elebra Offline
100 Club
Joined: Apr 2009
Posts: 108
Where can I find this?

Return to Top
#1875173 - 12/02/13 04:46 PM Re: Policy expired - force place ? SUSANE1
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,393
Galveston, TX
It's covered in the proposed regulations and in the previously proposed Q&As.

http://www.federalreserve.gov/newsevents/press/bcreg/bcreg20131011a1.pdf
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top