We have a loan that has had force placed hazard insurance for several years. We sent the borrower the required notice 45 days prior to charging them the premium for the renewed force place policy. Now, a couple of months later, the loan officer has decided that he wants to increase the hazard policy to be $31,000 (which is the loan balance) instead of the $25,000 policy that's been in place for several years. I'm not sure why $25,000 was originally force placed. But, my question is - before we charge the borrower for the increased portion of the policy premium, do we need to send out the first and second notice that are required prior to charging a customer on a new force placed hazard policy? Or would we be ok because the notice that was mailed 45 days prior to renewing the $25,000 policy stated a premium estimate?