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#2264030 - 12/27/21 03:43 PM Force Place Hazard Insurance-Commercial Property
JWills, CRCM Offline
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JWills, CRCM
Joined: May 2013
Posts: 1,782
The Mitten State
Do the same rules apply to force-placement of hazard insurance on commercial loans--ex: mortgaged property that has been sold on a land contract, or a rental home? Trying to find in the regulations.
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Lending Compliance
#2264037 - 12/27/21 05:42 PM Re: Force Place Hazard Insurance-Commercial Property JWills, CRCM
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,370
Galveston, TX
On business purpose loans? No - not at the Federal level and I cannot imagine State laws would require anything special. It would be a contractual issue.
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