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#2032761 - 08/10/15 08:26 PM Multifamily Apt's
Love Cruising Offline
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Joined: Mar 2009
Posts: 248
for those multifamily apartment buildings that are on a flood zone and we are not currently escrowing for flood coverage, should we apply a two month cushion like we do for the RESPA applicable loans that we currently do escrow for?

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Flood Compliance
#2032806 - 08/10/15 11:13 PM Re: Multifamily Apt's Love Cruising
David Dickinson Offline
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David Dickinson
Joined: Nov 2000
Posts: 18,762
Central City, NE
If you're asking "can I have a 2 month cushion for non-RESPA applicable loans?" the answer is sure, as long as there's no state law restriction. Two months is easily justified.
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David Dickinson
http://www.bankerscompliance.com

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#2032825 - 08/11/15 12:04 PM Re: Multifamily Apt's David Dickinson
Love Cruising Offline
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Joined: Mar 2009
Posts: 248
Thanks

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