Jim Gilpin
By Jim Gilpin
on December 15, 2021
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 joint agencies have created ...
Jim Gilpin
By Jim Gilpin
on January 01, 2020
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 ...
Jim Gilpin
By Jim Gilpin
on July 16, 2019
The steps loan servicers need (and the timing of requirements) for implementing lender-placed insurance and ensuring compliance On January 17, 2013, the Consumer Financial Protection Bureau (CFPB) ...