California Commissioner Considering ‘Force-placed’ Regulations

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And, for those who know little about this program, it’s actually the “Feds.” who mandate that coverage programs be in place wherever federal loan money is involved. Ask a bank how often a federal “auditor” has come in asking to review their operations and how often they’ve been fined sizeable amounts for failing to have the proper coverage in place for uninsured properties, whether it be property coverage for a home or a business, or flood coverage for the same.