Reply To: Anti-coercion credit insurance disclosure


If your bank is offering/selling the insurance then I would say the disclosures would be triggered. I do not believe simply listing owner’s title on the GFE, as required by regulation, is a solicitation of insurance. However, other practices you have in place may be a solicitation. The FDIC regulation is 12 CFR 343 or the applicable regulation of your regulator. FRB: 12 CFR 208.80; OCC: 12 CFR 14; Saving Associations 12 CFR 136.

Here’s a link to ecfr where you can find these regulations: