It is always safe to obtain a new flood determination. An existing flood determination is good for seven years if documented on a standard flood hazard determination form and if the flood zones and maps have not changed. Using a recertification is acceptable, but not required. The recertification is not a substitute for an expired flood determination. If you plan to rely on an existing determination as permitted, check with your flood determination provider to see if this is acceptable per your contract. Also, take necessary steps to ensure the life of loan monitoring will follow the loan through any new/revised maturity date.
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Learn more about Jack Holzknecht’s webinar Frequent Flood issues