- Business Rules
Is Flood Insurance disclosed in the Projected Payments Table?Yes. It would be reflected in the Projected Payments Table Estimated Escrow row, if applicable. It also would be reflected in the Estimated Taxes, Insurance & Assessments section. Section §1026.37(c)(4)(ii) defines what insurance is to be included, which are charges listed under section §1026.43(b)(8). This includes "premiums or other charges for insurance against loss of or damage to property, or against liability arising out of the ownership or use of property, written in connection with a credit transaction".
Citation(s): §1026.37(c)(4) and §1026.43(b)(8)
CFPB announcement regarding the delay of TRID
The full statement from CFPB Director Richard Cordray can be viewed here