May 18, 2012 at 5:17 pm EDT
#2905
Keymaster
Glenn,
This is a contract issue. You may do whatever your contract with the borrower allows. If your states allows you to retain the premium as an offset to the MP3 cost, then you may do so. But unless you have some pretty specifc laanguage that permits you to retain the premiums, you will need to refund the surplus to the customer when you perform the escrow account analysis.