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FI Before or After Settlement & Before 3-Day Rescission

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Question: 
Is it acceptable for flood insurance to be in place after settlement but before the three day right of rescission is up?
Answer: 

No. If it's required, it has to be in place before closing/settlement.

First published on BankersOnline.com 12/03/12

First published on 12/03/2012

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