force-placed insurance

(2) Force-placed insurance defined For purposes of this subsection and subsections (l) and (m), the term “force-placed insurance” means hazard insurance coverage obtained by a servicer of a federally related mortgage when the borrower has failed to maintain or renew hazard insurance on such property as required of the borrower under the terms of the mortgage.

Source

12 USC § 2605(k)(2)


Scoping language

For purposes of this subsection
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