20-472. Service charges in connection with insurance on collateral security prohibited when change of ownership
It is unlawful for a mortgagee to require the payment of any insurance service charge for services performed in changing of the mortgagee's records and accounts with regard to a change in ownership of the insured property held as security by the mortgagee and with regard to which the mortgagee issues a written beneficiary statement or assumption statement.
Section: Previous 20-466.03 20-466.04 20-467 20-468 20-469 20-469.01 20-471 20-472 20-473 20-474 20-475 20-475.01 20-476 20-481 20-481.01 NextLast modified: October 13, 2016