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Reply To: GFE of Borrowers with Forced Place Insurance

#4043

Can you please clarify the exceptions to force-placed insurace in 1024.37(a)(2)? It is my understanding the first exception is for flood insuracne; howerver I am extremely confused about the other two exceptions.

Also, am I correct these transactions only cover consumer credit transactions covered under RESPA? Thank you so much for your help.