Skip to content
BOL Conferences
Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums Banker Forums Flood Compliance Escrow?
Thread Options
#1695184 - 05/03/12 12:44 PM Escrow?
Fallgirl Offline
Gold Star
Fallgirl
Joined: Mar 2005
Posts: 432
Wisconsin
If we're escrowing for hazard insurance and taxes at the borrower's request (we're not requiring it), do we need to also escrow for flood insurance?

Return to Top
Flood Compliance
#1695193 - 05/03/12 01:08 PM Re: Escrow? Fallgirl
WI Banker Offline
Gold Star
Joined: Dec 2006
Posts: 253
No, you only need to include flood insurance if you are requiring escrow.

Return to Top
#1695218 - 05/03/12 01:39 PM Re: Escrow? Fallgirl
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,364
Galveston, TX
See Q&A #53 if you need confirmation that WI Banker is correct.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top