need help with a mortgage loan – question about “statement of anti-coercion Florida” – which option to choose?
Hello I am helping someone who is refinancing their home loan! Funny because I have no clue about loans and banks. One page is that was not check marked for us is the “STATEMENT OF ANTI-COERCION FLORIDA” page where it is ‘required under rule 69B-124.002, F.A.C., of the rules and regs promulgated by the chief financial officer relative to anti -coercion
What does this mean:
I have selected the _ Insurance Agency, or _ Insurance Company to write the hazard insurance covering property located at…
does this mean they already have an existing/seperate home owner’s insurance aside from the mortgage company?
I’m pretty confused, and help would be greatly appreciated 🙂