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#2100183 - 09/23/16 07:20 PM "Reasonable Notice" for notice at renewal?
HRH Okie Banker Offline
Power Poster
Joined: Jan 2003
Posts: 3,070
Oklahoma
When renewing a loan in a flood zone and sending the notice to the borrower do you still have to wait a reasonable time to book the renewal loan? Like after receipt? After the supposed 10 day "reasonable time"? Would 3-5-6 days work (from the time the officer began work on the renewal)? TIA
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Flood Compliance
#2100211 - 09/23/16 08:19 PM Re: "Reasonable Notice" for notice at renewal? HRH Okie Banker
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,388
Galveston, TX
They already have insurance - just make sure they get the notice before closing and as soon as reasonably possible.
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#2100237 - 09/23/16 10:14 PM Re: "Reasonable Notice" for notice at renewal? HRH Okie Banker
HRH Okie Banker Offline
Power Poster
Joined: Jan 2003
Posts: 3,070
Oklahoma
Thank you.
_________________________
Just working here until I get my letter from Hogwarts.

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