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I thought that I read somewhere that you can not charge the customer for the forced placed insurance premium of the first 45 days. I know that we can’t charge them during that 45 days but can we charge them after that or does the bank have to eat that premium? I have seen differing opionions on BOL. I’ve called the Chicgo Compliance Hotline and I can’t seem to get a definite answer. Please help. 🙁
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