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#2175606 - 04/27/18 03:56 PM Loan Extension, Flood Notice & Escrow Notice
lilbit1974 Offline
Junior Member
Joined: May 2016
Posts: 31
When we have a loan that is located within a SFHA and the payment is being extended one month therefore extending the maturity by one month. I know we have to give a new Flood Notice to the customer but what notice/disclosure will need to be given for the Escrow requirements? The loan is currently set up on escrow so do I need to give a new escrow table?

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Flood Compliance
#2175658 - 04/27/18 06:46 PM Re: Loan Extension, Flood Notice & Escrow Notice lilbit1974
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,364
Galveston, TX
Interesting question. If you last analysis statement cut off at maturity of the loan, I think you would.
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#2175938 - 04/30/18 08:49 PM Re: Loan Extension, Flood Notice & Escrow Notice lilbit1974
lilbit1974 Offline
Junior Member
Joined: May 2016
Posts: 31
The loan hasn't actually matured yet. The extension was for a monthly payment therefore extending out the maturity date one month.

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