Force-Placed Insurance Check

Live. Before charging force-placed hazard insurance: the 45-day and reminder notices, the proof-of-coverage window, 15-day refunds and the escrow rule.

Send up to 2,000 home loans with the first, reminder or renewal notice dates, charge date, proof of coverage and refund details. Applies Reg X 12 CFR 1024.37: a reasonable basis to believe coverage lapsed, the first notice at least 45 days before the charge, the reminder no sooner than 30 days after it and at least 15 days before the charge, no charge when proof of continuous coverage arrives in the 15 days after the reminder, the 45-day renewal notice, cancellation and refund of overlapping premiums and fees within 15 days of proof, and bona fide, reasonable charges; plus 1024.17(k)(5): an escrowed borrower more than 30 days overdue gets the premium advanced from escrow instead (small-servicer exception). Returns the earliest lawful charge date and refund due. Not legal advice. Nothing stored.

Price: $0.001 per call after 1,000 free per month.

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