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While most types of mortgage insurance generally do the same thing, they come in several different forms and go by different names depending on the type of loan you have. Let’s dive into the ...
The issue could be simple as your mortgage company not receiving the bill because the mortgage clause or loan number is incorrect or missing on your insurance policy.
All companies are required to give up to 40 hours of paid sick leave per year for both full- and part-time employees, except per diem healthcare employees and unionized construction workers. Eligible employees earn one hour of paid sick leave for evert 30 hours worked and can use it after 120 days after being hired. Unused time can be carried over.
the same group health insurance benefits, including employer contributions to premiums, that would exist if the employee were not on leave. restoration to the same position upon return to work. If the same position is unavailable, the employer must provide the worker with a position that is substantially equal in pay, benefits, and responsibility.
The Homeowners Protection Act of 1998 requires that lenders remove private mortgage insurance when a borrower reaches a 78 percent loan-to-value (LTV) ratio. For example, if the purchase price of ...
Mortgage insurance (also known as mortgage guarantee and home-loan insurance) is an insurance policy which compensates lenders or investors in mortgage-backed securities for losses due to the default of a mortgage loan. Mortgage insurance can be either public or private depending upon the insurer.
Key takeaways. Many mortgage lenders require borrowers to have a homeowners insurance policy with a mortgagee clause. The mortgagee clause is a provision that protects the lender from financial ...
A loss payee clause (or loss payable clause) is a clause in a contract of insurance that provides, in the event of payment being made under the policy in relation to the insured risk, that payment will be made to a third party rather than to the insured beneficiary of the policy.