Monthly life Insurance Policy Fee on LE/Closing

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Question:

Does the monthly life insurance policy fee need to be disclosed on the loan estimate and closing disclosure on 1st and 2nd mortgages? The policy is offered by the lender but it is not a requirement of the loan. This one is on a 2nd closed-end mortgage and the monthly fee is included with the P & I payment for the mortgage.

Answer:

If it is not required by the lender, then why would it be in the P&I payment amount on the LE/CD. I don't think you will find any guidance in TRID that would indicate that monthly premiums for voluntary insurance belong anywhere on the LE/CD.
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