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#163682 - 02/24/04 09:47 PM Flood Cert
LoisLane Offline
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LoisLane
Joined: Oct 2001
Posts: 1,570
Wisteria Lane..
If there are multiple structures on the same property (same legal address) such as a house and a barn, do we get one flood cert to cover both structures? or do we have to get a flood cert for each?
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Lending Compliance
#163683 - 02/24/04 09:55 PM Re: Flood Cert
Dan Persfull Offline
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Dan Persfull
Joined: Aug 2002
Posts: 47,532
Bloomington, IN
If they are the same parcel you only need one.

(2) Instructions for Using the SFHDF The reverse side of the SFHDF has detailed, section-by-section instructions on its use. A separate SFHDF is required on loans on adjacent properties. However, if a single property contains multiple buildings, a listing of buildings on the parcel can be attached to the SFHDF. Only one building may be insured under one NFIP policy. Each building securing a loan must be covered by a separate NFIP policy.
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#163684 - 02/24/04 10:04 PM Re: Flood Cert
LoisLane Offline
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LoisLane
Joined: Oct 2001
Posts: 1,570
Wisteria Lane..
Thanks Dan. Is the reference from the Flood Guidelines?
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#163685 - 02/24/04 10:09 PM Re: Flood Cert
LoisLane Offline
Diamond Poster
LoisLane
Joined: Oct 2001
Posts: 1,570
Wisteria Lane..
You must have those Guidelines memorized. I just found the reference on pg. 33. Thanks again!!!!!
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