[LVINCENT]

The difference that I am coming up with is from the loan balance as of 5/12/18 plus the premium $53,291.83 + $757.02 (we are currently backdating after the 45th day to charge the premium as of the policy effective date). The principal balance after the premium is added would be $54,048.85. Our coverage amount is $53,782.04.

Do you know if most banks are backdating the premium to the policy effective date?

[Author]

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