Creditor-Placed Home

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Creditor Placed Home single interest or dual interest credit insurance purchased unilaterally by the creditor, who is the named insured, subsequent to the date of the credit transaction, providing coverage against loss to property that would either impair a creditor's interest or adversely affect the value of collateral on homes, mobile homes, and other real estate. What is Creditor-Placed Home, What does mean Creditor-Placed Home, Insurance Guide, Insurance Glossary

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