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#2076591 - 05/02/16 03:51 PM Forced Placed Flood and Bankruptcy
lds1958 Offline
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Joined: Oct 2006
Posts: 508
We have a customer that is in bankruptcy. The flood insurance that we had previously force placed is due. Do we need to send the 45 day letter to the customer's bankruptcy attorney or how do we handle maintaining flood insurance on this property?

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Flood Compliance
#2076593 - 05/02/16 03:57 PM Re: Forced Placed Flood and Bankruptcy lds1958
David Dickinson Offline
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David Dickinson
Joined: Nov 2000
Posts: 18,762
Central City, NE
Contact your attorney. Every state has various rules about contacting people that have filed for bankruptcy. I could easily say "yes, send the 45 day letter", but you don't want to violate the bankruptcy rules in trying to comply with the flood rules.
_________________________
David Dickinson
http://www.bankerscompliance.com

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#2076606 - 05/02/16 05:08 PM Re: Forced Placed Flood and Bankruptcy David Dickinson
lds1958 Offline
Platinum Poster
Joined: Oct 2006
Posts: 508
That's what I suggested but then second guessed myself. Thanks David!

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