Uncertainties deriving from still unclear Dodd-Frank Act requirements on lender-placed insurance starting with disclosure forms have put mortgage insurers on the hot seat as they strive to provide services and get ready for further changes.

The Dodd-Frank framework of changes will be defined in the coming weeks and months, said Ken Evans, an executive with Loan Protector Insurance Services, Solon, Ohio, a subsidiary of Willis North America Co. that specializes in lender-placed insurance. It means LPI requirements will affect the basics: the disclosure document forms to be used.

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