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#1359384 - 03/17/10 08:26 PM Flood Question
Dodge Offline
100 Club
Joined: Mar 2010
Posts: 239
We have a customer that I inherited that has a loan secured by property in a flood zone. We have a determination and it IS in a flood hazard area. When the loan was done, the land was vacant. Since then, they have moved a mobile home onto the property and they are living there. The mobile home IS NOT financed w/ us nor is it listed on any of our collateral documents. The loan has matured. Is anything required of me to do?

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Lending Compliance
#1359563 - 03/18/10 12:08 AM Re: Flood Question Dodge
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 79,339
Galveston, TX
If the loan has matured - what is your question - you mean if you refinance the land only? As long as you don't have the MH as collateral, there is no flood requirements.
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