Skip to content
BOL Conferences
Thread Options
#179076 - 04/13/04 02:31 PM Flood insurance
Anonymous
Unregistered

The flood reg states that if a bank requires the escrow of taxes, etc., it shall also require escrow for flood premiums. Am I right in assuming that if a customer has a voluntary escrow account, it is NOT necessary to escrow for flood?

Return to Top
Lending Compliance
#179077 - 04/13/04 02:33 PM Re: Flood insurance
redsfan Offline
Power Poster
redsfan
Joined: Dec 2000
Posts: 3,455
The Pennant Race
Yes. We discussed this recently - if you do a search on flood and escrows, you should find it. It may be in the General Discussion Forum, though.
Last edited by pbrinker; 04/13/04 02:34 PM.
_________________________
The opinions expressed here are personal and do not represent opinions of my employer.

Return to Top

Moderator:  Andy_Z