If a customer already has flood insurance in place before a loan is bought to us, they obviously know its a flood zone. Do we still need that 10 day window from Flood Cert to Closing even if a policy has been in place since November 2014?

Thank you.

You are required to provide the notice a reasonable time before closing. Ten days is an attempt to suggest what's reasonable. Under the circumstances, since the borrower already knows, a shorter period could also be reasonable. But you still have to provide the notice and obtain the borrower's acknowledgment of delivery, even if it seems silly to do so.

John is right. I just want to add, you don't need to delay closing. Get the notice out, get evidence of adequate insurance and then close the new loan.

A slightly different wrinkle then... would this same hold true if you were booking an extension... i.e. send out the notice, make sure adequate flood is in place and then do extension paperwork... no need to wait 10 days?

The notice requirements are the same when Making, Increasing, Renewing or Extending a designated loan (MIRE). If flood insurance is already in place follow the notice and documentation procedure John and David outlined and proceed to closing.