Flood Certificate – One Time or Life of Loan?
Answer by Dan Persfull, BOL Guru Guru Bio
Question: How can I determine if the certificate was a one time or life of loan regarding the Standard Flood Hazard Determination Form?
Answer: You can't tell from the form itself unless your vendor puts a code on it such as the ID# they assign to the determination and in that case you need to talk to your vendor. You can also check the fee charged for the determination. The fee for life of loan monitoring should be more.
First published on BankersOnline.com 2/02/09
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