Answer:
The requirements are outlined in RESPA Reg. X - 1024.37
Model forms can be found in RESPA Reg X - Appendix MS-3
Force-Placed Notice Contents
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Question:
When the first notice is sent to the borrower in regards to force-placed insurance, does the premium amount that may be charged to the loan after the 45 days have to be disclosed on the first notice to remain in compliance? What are the notice content requirements?
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