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#2177977 - 05/14/18 04:02 PM Flood Ins Escrow-Commercial Loan
Bec Offline
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Bec
Joined: Jul 2010
Posts: 1,115
The Great White North
I understand that the mandatory escrow rules do not apply for commercial loans or loans on commercial properties. However, if we have a commercial loan secured by a property in a flood zone and the loan has escrow for real estate taxes, are we required to have flood escrow in that case?
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Flood Compliance
#2177990 - 05/14/18 04:30 PM Re: Flood Ins Escrow-Commercial Loan Bec
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,916
Galveston, TX
Totally a Bank decision.
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#2178000 - 05/14/18 05:00 PM Re: Flood Ins Escrow-Commercial Loan Bec
Bec Offline
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Bec
Joined: Jul 2010
Posts: 1,115
The Great White North
Ok, great! Thank you.
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