Per Amendments Under Part 713
A Quick Guide to Insurance Tracking
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Your financial institution needs to have a true sense of lending risk. Monitoring borrowers’ insurance on your collateral can provide a gauge for risk and potential exposure.
This guide answers questions like:
- What is insurance tracking?
- Who does it benefit?
- What regulations are involved?
- How can our financial institution build a comprehensive insurance tracking program?
Insurance tracking is part of a sound risk management strategy for lenders, but it doesn’t have to be complex.
Download "A Quick Guide to Insurance Tracking”.