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#2178662 - 05/18/18 02:00 PM LOMC Question
MBrownie Offline

Registered: 05/15/15
Posts: 75
Customer has acreage in SFHA. He obtained a LOMC last year. He now has applied for a construction loan and is building the new house "exactly" where the old house currently is. Going to tear down and rebuild.

I question whether the LOMC would still be valid? Wouldn't that affect the survey that the LOMC was based on? Customer is adamant that he will not purchase flood insurance and we are stalled.

Cannot find any exact relevant information on FEMA. Maybe I'm misunderstanding LOMC. Help appreciated!!

Flood Compliance
#2178665 - 05/18/18 02:09 PM Re: LOMC Question [Re: MBrownie]
rlcarey Online
10K Club

Registered: 07/16/01
Posts: 69769
Loc: Galveston, TX
A LOMC is based on the property and not on the structures that exist on it. It removes the property from the flood area. Changing the structures on the property would have no impact. LOMCs are only overwritten when a new FIRM is issued.
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