Commercial flood insurance helps to protect invested parties (business owners, lenders, etc.) from the costs of flood water damage. It covers both a building and its contents.
Chances are, if you are a lender or insurance tracking provider, you have heard of the Real Estate Settlement Procedures Act (RESPA). RESPA was signed into law in December 1974 with the intent to ...
Here at Miniter Group, we are no strangers to the ever-changing force placed insurance regulations. As a matter of fact, we find joy in diving deep into the latest regulatory updates that affect our ...
Updated September 8, 2022 Introduction Force-Placed Flood Insurance is regulated by the Joint Regulatory Agencies. The Joint Agencies consist of the FDIC, Federal Reserve, OCC, NCUA, and FCA. These ...
What Is Force-Placed Insurance? Force-placed insurance is commonly used by most lenders to transfer property risk associated with Commercial, Residential, or Vehicle loans. Force-placed insurance has ...
How to comply with CFPB lender-placed insurance regulation Updated August 23, 2022 On January 17, 2013, the Consumer Financial Protection Bureau (CFPB) released the changes to CFR Part 1024 Real ...
