by Randy Carey:
37(c) Requirements before charging borrower for force-placed insurance.
37(c)(1) In general.
1. Assessing premium charge or fee. Subject to the requirements of § 1024.37(c)(1)(i) through (iii), if not prohibited by State or other applicable law, a servicer may charge a borrower for force-placed insurance the servicer purchased, retroactive to the first day of any period of time in which the borrower did not have hazard insurance in place.
by John Burnett:
Note that the rule allows your charge to be retroactive to the date of the forced coverage. It does not provide a way for you to place back-dated coverage. So you put the coverage in place right away and get reimbursed when you are able to charge the customer for the premium and/or fees.