FWIW, I agree with what all Dan has said...in addition, realize that your vendor can be very late in sending notification to you when a property is now in a zone...
All LOL means to me is, is that as long as that loan just sits on the books performing? I don't worry about it. If something is done with that loan? There is going to be some action on my part regarding flood...at a minimum verifying whether or not the map has changed...further action as necessary if that answer is yes.
My opinion only. Not legal advice.
You will never see what's inside of me - Five Finger Death Punch