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Flood Determinations on Mobile Homes

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Question: 
A loan is secured by several vacant lots and a mobile home is to be moved to one of those lots but will NOT be permanently affixed. Is a flood determination required?
Answer: 

Only if the mobile home becomes part of your security for the loan, then an FHD will be required.

First published on BankersOnline.com 7/4/11

First published on 07/04/2011

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