### Question
How does the law define force-placed insurance?


### Answer
Under *12 U.S.C. § 2605*, **force-placed insurance** is defined as:

> 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

#### Citation:
  - *12 U.S.C. § 2605*
  - Heading: **CHAPTER 27-REAL ESTATE SETTLEMENT PROCEDURES**

