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#2064543 - 02/16/16 10:02 PM Homeowners Insurance
Bec Offline
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Bec
Joined: Jul 2010
Posts: 1,115
The Great White North
Which regulation would govern that homeowners insurance (not flood) must be in place at the time of close?
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Lending Compliance
#2064544 - 02/16/16 10:05 PM Re: Homeowners Insurance Bec
raitchjay Offline
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Joined: Oct 2009
Posts: 9,378
OK
No federal regulation that i'm aware of; more of a safety and soundness concern i would think.
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#2065351 - 02/22/16 07:59 PM Re: Homeowners Insurance Bec
Chanderson Offline
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Joined: Jun 2014
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#2065354 - 02/22/16 08:04 PM Re: Homeowners Insurance Bec
Dan Persfull Offline
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Dan Persfull
Joined: Aug 2002
Posts: 47,886
Bloomington, IN
1024.37 would apply to the force placement of insurance.

As Raitchjay stated there is no regulation (unless it might be state) that requires non-flood homeowners insurance. It is a S&S issue as stated.
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