Truth in Lending: 5.9.8 Disclosure of Insurance Charges and Debt Cancellation Agreements
Several types of insurance and debt cancellation agreements are commonly sold by a creditor in connection with a credit transaction (credit life insurance, credit disability insurance, and credit property insurance).630 While the Dodd-Frank Act banned the financing of single premium credit insurance or debt cancellation agreements for closed-end mortgages,631 insurance with monthly premiums and credit unemployment insurance may still be sold in connection with mortgages, and there is no gene