October 11, 2013 at 4:31 pm EDT
#4043
cjernigan1211
Participant
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.