re: Any insurance agents here?

There isn't one attorney in Baton Rouge I would trust to write one of these MSAs up. There is one in Louisiana (New Orleans area) who knows what he is doing & who regulators actually trust and there a couple of others out of D.C. who know what they are doing but outside of that you better have an attorney who really knows what they are doing because those agreements need to be done very carefully from my experience. I know several attorneys who have told me the CFPB has even told them to use one of those attorneys to draft the agreement and not to trust anyone else.

And to answer your second question no there is much more that has to be put into those agreements to make them legal federally.