Response 2: If I was a bank, I wouldn’t accept a binder either. Response 1: A bank can demand whatever it wants if it is required by its mortgage documents. Q: Does the bank have the right to request a dec page listing them as mortgagee, or do they have to accept a binder? As proof of insurance on a home equity loan, a bank is requesting the homeowners policy declaration page listing them as the second mortgagee and will not accept a binder.