Has Your Lender Charged You for an Insurance Policy You Did Not Need?

Regulators and courts are scrutinizing lenders and loan servicers for buying force-placed insurance policies. A primary concern is the relationship among loan servicers, lenders, and insurers. So what is force-placed insurance? Essentially, lenders require that borrowers maintain insurance on their homes and sometimes cars. If a borrower fails to maintain insurance, or if insurance premiums […]