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#2010137 - 04/24/15 04:37 PM Collateral is in guantors name
cowgirlsrule Offline
100 Club
Joined: Jul 2014
Posts: 194
Arkansas
If you have a loan in a holding company (borrower) and the property is owned by the guarantor (granting collateral) - does the flood insurance need to be in the name of the owner of the property and also the borrower receives the notice of flood insurance correct?

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Flood Compliance
#2010182 - 04/24/15 05:37 PM Re: Collateral is in guantors name cowgirlsrule
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 79,227
Galveston, TX
Notices always go to the borrower. The owner of the property must appear on the policy as a named insured.
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#2010367 - 04/24/15 09:46 PM Re: Collateral is in guantors name cowgirlsrule
cowgirlsrule Offline
100 Club
Joined: Jul 2014
Posts: 194
Arkansas
Thank you.

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