RC_LA_EA_301.2 Property Insurance Requirements

1-5 CMB Points Advanced Education Loan Administration & Servicing Residential Residential Certified Mortgage Servicer (RCMS) Self-Study Web-Based Courses
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Option Price
Member $50.00
Non-Member $100.00

Property Insurance Requirements examines the general requirements for various types of property insurance for single-family residential homes, including the obligations of the borrower and lender. The course distinguishes between a deed of trust and a mortgage and describes how those differences impact a servicer’s ability to enforce their rights under the instrument. Finally, this course describes the provisions found in deeds of trust and mortgages relating specifically to the maintenance of property insurance, including a discussion of condominium and PUD riders.

This is a single-family/residential course.

Topics:

  • Requirements for Property Insurance
  • Deed of Trust or Mortgage
  • Condominiums and PUDs

Seat time approximately 30 mins.

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