#1914903 - 04/16/1402:53 PMClosing a Loan with Force Placed Insurance
terpsfan
Diamond Poster
Joined: Feb 2007
Posts: 2,058
A customer's loan has matured and we are willing to refinance but the customer is unable to get insurance. Can we force place insurance at closing and if so how would the notice work? I also have a concern that if we are offering this option to the customer that we are acting as a insurance agent and are not license to sell this type of insurance.