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 FileYour file for each Mortgage Loan serviced. :
- name of carrier, all insured parties, and the BorrowerBorrowerPerson who is the obligor per the Note. ;
- coverage amount;
- deductible amount(s);
- policy term;
- description of property insured; and
- coinsurance percentage, if applicable.