(iv) A statement one desires the newest debtor to include risk insurance policies advice on borrower’s possessions and relates to the home by its actual address;
step 1. Distinguishing type of threat insurance. If the terms of a mortgage loan price demands a borrower to order both a great homeowners’ insurance policy and you can a different threat insurance coverage in order to guarantee against losses as a consequence of dangers perhaps not covered under the borrower’s homeowners’ insurance policy, an effective servicer need divulge whether it is the fresh borrower’s homeowners’ insurance policies coverage or even the separate risk insurance plan for which they lacks proof visibility so you’re able to comply with (c)(2)(v).