Can a Mortgage Company hold your insurance check for the repair of your building?

My building suffered damage with a hail storm. The insurance company sent me a check made out to the mortgage company and to me. Now the Mortgage company is holding the funds and I can't finish the repairs needed. My mortgage payments are up to date.Can a Mortgage Company hold your insurance check for the repair of your building?
Ask the mortgage company if they'll release the funds directly to your contractor.





OTOH, MOST contractors will do the work, and THEN let you pay . . .





But yes, they can do that.Can a Mortgage Company hold your insurance check for the repair of your building?
Yes, they can do that. They are holding the funds to insure that your building (THEIR collateral) is repaired as needed. You should be able to get a contractor with a letter from the mortgage firm indicating that the funds are available and will be released to the contractor and you when the work is completed as needed.