Insurance Proceeds May Not Go To The Homeowner If Disaster Occurs


We were informed that the lender would only distribute the insurance proceeds after they receive estimates from contractors and itemized lists of the cost of materials and labor. Do I have any rights in this matter or does the mortgage company have the legal right to hold the check and only distribute it as it deems necessary?
http://dongockel.realtytimes.com/consumeradvice/homeownersadvice1/item/29746-20140807-insurance-proceeds-may-not-go-to-the-homeowner-if-disaster-occurs

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