What is an insurance purchased by a bank or creditor on an uninsured debtor’s behalf so if the property is damaged, funding is available to repair it?
Lien holders will put forced place insurance onto a mortgaged property in cases where the borrower allows the coverage they were required to purchase to lapse. Lapses may be due to non-payment of premium, filing false claims, or other reasons. Forced place insurance will protect the property, the homeowner, and the lien holder. Future mortgage payments will reflect the added cost of the insurance. Forced place insurance is also known as creditor-placed, lender-placed, or collateral protection insurance.
National Intellectual Property Award won by which of the following institution for 2021 and 2022?
Which country launched the first artificial satellite Sputnik 1?
Consider the following statements:
1. The Department of Economic Affairs is a nodal agency of the Government of India to formulate and monitor th...
Consider the following statements in regards to the Mangrove Alliance for Climate (MAC):
I) Launched at the 26th session of Conference of Parties...
The Swachh Bharat Abhiyan was launched to address which of the following issues?
In which city is the Salar Jung Museum art museum located?
Recently RBI lowered the net worth requirements for entities operating units in BBPS to _____ from Rs. 100 Cr.
Which one of the following statements is not correct?
Micro Units Development Refinance Agency (MUDRA) is related to:
Recoveries of loans and advances, borrowings, are an example of ________.
