Skip to content
GeoDataVision
Thread Options
#2213643 - 05/15/19 02:49 PM Forced Place Hz Ins from Escrow
HRH Okie Banker Offline
Power Poster
Joined: Jan 2003
Posts: 3,070
Oklahoma
We forced placed hazard insurance via escrow account last year. We wish to not renew this policy this year (loan falls below our risk profile for requiring it). In order to not renew do we have to send notice to the customer?
_________________________
Just working here until I get my letter from Hogwarts.

Return to Top
Lending Compliance
#2213888 - 05/17/19 02:34 PM Re: Forced Place Hz Ins from Escrow HRH Okie Banker
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 46,849
Bloomington, IN
I assume you are cancelling the escrow. If so you must send the required cancellation notices within the mandated time frames.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

Return to Top
#2213903 - 05/17/19 03:59 PM Re: Forced Place Hz Ins from Escrow HRH Okie Banker
HRH Okie Banker Offline
Power Poster
Joined: Jan 2003
Posts: 3,070
Oklahoma
Thank you.
_________________________
Just working here until I get my letter from Hogwarts.

Return to Top

Moderator:  Andy_Z