Page 34 of the MPFIG:
(1) Notice of Special Flood Hazard and
Availability of Federal Disaster Relief
Assistance
Lenders must provide written notification to
those prospective borrowers whose loans
secure a building located in an SFHA. The
purpose of the notice is to advise the
borrower about the Federal flood insurance
coverage requirements and whether Federal
disaster relief assistance is available in that
location. In the case of multiple applicants
on a single loan, the lender and borrowers
typically designate the borrower to whom
the notice will be provided. Lenders may
provide multiple notices at their discretion.
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