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The Form 438BFU is an attachment to the property insurance policy issued to the borrower under a mortgage loan.
Is lender's loss payable the same as lender's loss payee?
On the other hand, however, a lender's loss payable endorsement grants the lender much more protection under the insurance policy. With this endorsement, sometimes simply referred to as lender's loss payable, the lender is still added as a loss payee, but, in this case, their coverage is not equal to yours.
lender loss payable endorsement
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Wash. Admin. Code § 284-21-010 - Loss payable and mortgagee ...
(b) What is now called Form 438 BFU (May 1, 1942), as approved by the Board of Fire Underwriters of the Pacific and California Bankers Association Insurance ...
(b) What is now called Form 438 BFU (May 1, 1942), as approved by the Board of Fire Underwriters of the Pacific and California Bankers Association Insurance ...
Building Your Own Home - United Diversity Library [PDF] - Free ...
There is a 438BFU Lender's Loss Payable Endorsement naming the lender as the “Loss Payee.” The property address and/or legal description is listed on the ...
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