The 2016 Mortgage Servicing Rule amends the force-placed insurance disclosures and model
forms to account for situations when a servicer wishes to force-place insurance because the
borrower has insufficient, rather than expiring or expired, hazard insurance on the property.
Additionally, the 2016 Mortgage Servicing Rule gives servicers the option to include a
borrower’s mortgage loan account number on the force-placed insurance notices.

These changes are effective on Oct. 19, 2017.

Question:

Do you know of any regulatory requirement that defines calculating sufficient hazard insurance coverage?

I understand that some investors have outlines for calculation sufficient hazard insurance coverage.

They should be outlined in your loan agreement or deed of trust/mortgage.

Thanks