Mortgage Servicing: Force-Placed Insurance

$95.00

  • Total

SKU: 10258 Category: Tag:

Description

Covers specific requirements for when servicers can purchase force-placed insurance, what guidance exists for fees, how servicers seek repayment of advanced premiums, and how servicers handle loans with force-placed insurance in foreclosure and the cancellation of force-placed insurance when it is no longer needed.

What You’ll Learn

After completing this course, students will be able to:

  • Identify to which loans the mortgage servicing rules’ force-placed insurance requirements apply and what insurance types constitute force-placed insurance
  • Describe how the mortgage servicing rules address FDCPA liability pertaining to debt collection
  • Explain the mortgage servicing rules’ notice requirements for force-placed insurance
  • Describe the mortgage servicing rules’ requirements that pertain to handling force-placed insurance transactions 

Additional information

Audience

Anyone performing duties in consumer mortgage servicing areas devoted to asset securitization.

Credits

1.0 CRCM

Member Price

95.00

Non-Member Price

130.00

Course Number

ABA

Location

Online Self-Paced

Vendor

ABA

Course Code

ABA

Prerequisites

None

Day

Online

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