Answer:
See 339.7. Also see the "tripwires" on page 54 of the Mandatory Purchase of Flood Insurance Guidelines.
First published on BankersOnline.com 12/07/09
Timeframe to Provide Flood Insurance Follow Up
Answered by:
Question:
There was a question: <a href="http://www.bankersonline.com/lending/guru2009/gurus_ldng090709d.html">Timeframe to Provide Flood Insurance</a>, regarding a loan that fell into a flood zone as a result of a mapping change. The guru responded, "You need to send the borrower the Notice of Special Flood Hazard..." I could not find where this was a requirement in FEMA, any ideas? It does not fall under the Make, Renew, Extend or Increase criteria for a flood notice.
print
share