force-placed insurance
Defined in 1 dictionary — U.S. Code
United States Code
12 U.S.C. § 2605 — for purposes of this section (6 versions over time)
For purposes of this subsection and subsections (l) and (m), the term “force-placed insurance” means hazard insurance coverage obtained by a servicer of a federally related mortgage when the borrower has failed to maintain or renew hazard insurance on such property as required of the borrower under the terms of the mortgage.