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Disclosing prepaid homeowner’s insurance

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Question: 
When a loan is to refinance an existing loan and the homeowner’s insurance is already in place; does it still need to be disclosed on the CD and shown as paid by borrower outside of closing since it is required?
Answer: 

Existing homeowner’s insurance only needs to be disclosed for a refinancing if a premium was required to be paid at or before closing.
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First published on 07/09/2017

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