Insurance Compliance and Data
You must complete an annual insurance compliance checklist, including the following information for all insurance coverages, and place it in your Servicing FileServicing FileFile for each Mortgage Loan serviced by the Lender. :
- name of carrier, all insured parties, and the BorrowerBorrowerPerson who is the obligor under the Note.;
- coverage amount;
- deductible amount(s);
- policy term;
- description of property insured; and
- coinsurance percentage, if applicable.