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#1937275 - 07/02/14 02:28 PM Flood notice when borrower has flood insurance
Red Raiders Diamond Poster Joined: May 2013 Posts: 1,069 Compliance Land	I think we still have to give this notice but I wanted to double check. We have a loan our initial determination said the property was in X prior to closing of 5-1-14. We receive updated cert on 5-8-14 stating property now in AE. We received proof of flood insurance for AE from borrower's agent on 5-1-14. Obviously they knew something our flood company didn't! We didn't send the flood notice to the borrower from the 5-8-14 determination because the borrower already had flood insurance (that was the explanation I was given). I'm thinking we still should have. Am I wrong? _________________________ How long until retirement??
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Lending Compliance

#1937394 - 07/02/14 05:12 PM Re: Flood notice when borrower has flood insurance Red Raiders
rlcarey 10K Club Joined: Jul 2001 Posts: 83,371 Galveston, TX	No. You have a violation. _________________________ The opinions expressed here should not be construed to be those of my employer: PPDocs.com
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#1937405 - 07/02/14 05:23 PM Re: Flood notice when borrower has flood insurance Red Raiders
Red Raiders Diamond Poster Joined: May 2013 Posts: 1,069 Compliance Land	That's what I thought.... Thanks for your help! _________________________ How long until retirement??
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#1938296 - 07/07/14 11:02 PM Re: Flood notice when borrower has flood insurance Red Raiders
jlroberts Diamond Poster Joined: Sep 2009 Posts: 1,601 Ohio	Obviously they knew something our flood company didn't! Just curious. Was there map change between your original determination and the closing date?
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