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#1620270 - 10/26/11 04:12 PM Policy effective date question
AuditorK Offline
Platinum Poster
Joined: Feb 2003
Posts: 961
PA
Note signed 11/1/10, rescission period ended midnight 11/4/10, loan funded 11/8/10. The flood policy declaration page in file shows an effective coverage date of 11/4/10. Any issues or are we okay?

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Flood Compliance
#1620516 - 10/26/11 07:37 PM Re: Policy effective date question AuditorK
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 46,455
Bloomington, IN
The policy must have an effective date as of or before the date the loan closes. In this case 11/1/10.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

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