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BankersOnline.com Forums Dodd-Frank Final Rules Discussions Escrows on Higher-Priced Mortgages escrow and forced placed insurance
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#2244340 - 10/20/20 07:36 PM escrow and forced placed insurance
newyork Offline
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Joined: Aug 2008
Posts: 450
If the borrower's primary residence loan is in escrow and the hazard insurance has been cancelled by the borrower, can the bank force place insurance on a loan that is on escrow?

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Escrows on Higher-Priced Mortgages
#2244347 - 10/20/20 07:58 PM Re: escrow and forced placed insurance newyork
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,350
Galveston, TX
Yes - If your loan agreement allows for force placement.
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