And if you don't, you could get hit with CMP's for a pattern or practice of a violations.
Here's a thought for regulatory relief - if a lender has a loan secured by improved real estate located in a special flood hazard area, and the lender has a current flood insurance policy or is in the process of notifying/force placing sufficient coverage, and the lender Makes, Increases, Renews or Extends a loan on that property, the requirement to obtain a certification and notify the borrower is suspended.
I mean, really.
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CRCM,CAMS
Regulations are a poor substitute for ethics.
Just sayin'