January 2014 Changes to Documents: State-Specific Optional Insurance Notices
For loans with closing dates on or after January 10, 2014, premiums for most credit insurances are generally prohibited from being financed into a loan, to wit:
“(1) A creditor may not finance, directly or indirectly, any premiums or fees for credit insurance in connection with a consumer credit transaction secured by a dwelling (including a home equity line of credit secured by the consumer’s principal dwelling)….