Comment on CFPB-2013-0013-0001

ALLOW monthly posting to the Mortgage Loan directly for Credit Disability and Credit Life Insurance (CD/CL): We facilitate the sale of Credit Disability Ins. and Credit Life Ins. to members who have a Mortgage Loan with us. | This is very inexpensive and the loan payment is higher (1) to Amortize the loan in the prescribed time and (2) pay the CD/CL. | An Insurance Add is made to the Loan each month and a Monthly Loan Payment is required each month. So depending on posting of these two items the Insurance Add is paid each 30 day period; but averaging 15 days or less. A $30 Insurance Add for 15 days at 5% interest is $0.06, yes 6 cents. | Our Insurance is cancelled if the Loan gets to 89 days late. If the member does not make a Mortgage Loan Payment each month (for 89 days) we and the member has more problems that the Insurance Add. Insurance on Mortgage when need can save the families home and financial stability. It can also save the Credit Union from losses. Please continue to allow Monthly Credit Premiems to be added to the Mortgage Loan directly each Month. Thanks ... Dennis F. Murray