I have a home loan where the flood insurance expires today. The remaining balance is $1500 but the loan doesn't mature for another 14 months. I guess I don't have any choice but to send out letter as usual stating in 45 days if no proof of flood insurance we will force write.....Any other opinions?

I agree with you. There is no other option.

Your other option is to drop the collateral. This is a management decision, but if the payoff is $1,500 it seems legit rather than spending the time and resources to force place insurance.

Thanks Skittles and David for your input.

If the loan matured in 11 months and 29 days, could I use the "less than $5,000, less than 12 months" exception or is that strickly for new loans?

No. Those are for ORIGINAL loan balance and maturity term. §339.4(b)

Oh my goodness....my customer paid $650 on principal over the weekend. Now I'm going to have to send the letter and threaten to force-write for a balance of $850 plus accrued interest...Hopefully, they just pay off in the next 45 days. I think I will contact the Loan Officer and have him talk to his customer.....

Or just release the collateral.

The officer is a Jr. Officer and she is trying to get permission to release the collateral. The person who can grant permission is not available until tomorrow morning. Hopefully tomorrow, the collateral will be released.(Just as has been suggested all along.) Thanks for being a good sounding board.