Bank of America
Flood Insurance Premium Added to Loan for Six Weeks of Coverage

Bank of America acquired my loan from Countrywide mortgage. I was later informed by regular mail that I needed to prove flood insurance. When I found that my condo association was no longer carrying flood insurance on the property, I bought my own. Bank of America determined there was a lapse from 10/14/10 to 11/24/10 and added to my loan balance a premium of $546.76. For six weeks of coverage! There was no certified mail, no email, and no declarations page to prove cost of the insurance.

I didn't even get a kiss...

Company: Bank of America
Country: USA
State: Maryland

  <     >