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  "contentVersion": "2026.08.31",
  "generatedFor": "2026-09-06",
  "operator": {
    "legalName": "WJB Services, Inc.",
    "dba": "Bollinsure Insurance Services",
    "license": "6013787",
    "licenseAuthority": "California Department of Insurance"
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  "notice": "Public page facts only. This record contains no visitor question, no tool input, and no identifier. It is not a coverage determination, an eligibility decision, or individualized advice.",
  "title": "12 CFR 1024.37 - Force-placed insurance (full regulatory text)",
  "publisher": "Legal Information Institute, Cornell Law School (republishing the Code of Federal Regulations)",
  "url": "https://www.law.cornell.edu/cfr/text/12/1024.37",
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  "sourceType": "regulation",
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  "jurisdiction": "US",
  "publishedDate": "unknown",
  "effectiveDate": "n/a",
  "accessedDate": "2026-08-31",
  "lastChecked": "2026-08-31",
  "updateCadence": "Tracks CFPB amendments to Regulation X.",
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      "checksum": "6b644b5731e4",
      "text": "Within 15 days of receiving evidence that a borrower has hazard insurance coverage that complies with the loan contract's requirements, a servicer must cancel the force-placed insurance it purchased."
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      "text": "The servicer must refund to the borrower all force-placed insurance premium charges and related fees paid for any period of overlapping insurance coverage."
    },
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      "checksum": "7b872e3057c6",
      "text": "The servicer must also remove from the borrower's account all force-placed insurance charges and related fees for any period of overlapping coverage."
    },
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      "text": "A bona fide and reasonable charge is a charge for a service actually performed that bears a reasonable relationship to the servicer's cost of providing the service and is not otherwise prohibited by applicable law."
    },
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      "text": "The bona fide and reasonable requirement does not reach charges subject to State regulation as the business of insurance or charges authorized by the Flood Disaster Protection Act of 1973."
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      "text": "The section's definition of force-placed insurance excludes hazard insurance required by the Flood Disaster Protection Act of 1973, servicer renewal of borrower-obtained hazard insurance as described in 12 CFR 1024.17(k)(1), (2), or (5), and servicer renewal of borrower-obtained hazard insurance at the servicer's discretion if the borrower agrees."
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      "kind": "Question",
      "title": "What does a lender insurance requirement actually prove?",
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  "citation": {
    "text": "Legal Information Institute, Cornell Law School (republishing the Code of Federal Regulations). \"12 CFR 1024.37 - Force-placed insurance (full regulatory text).\" unknown. https://www.law.cornell.edu/cfr/text/12/1024.37 (retrieved 2026-08-31).",
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    "note": "Cite the underlying source when you can. Cite this record when you are describing our synthesis or our claim list."
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