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#2183060 - 06/25/18 08:19 PM Flood Insurance notification - Loan renewal
Tessie Offline
100 Club
Joined: Jan 2006
Posts: 155
We have a loan coming up with a balloon payment. We have to send out a flood notification if extending or renewing a loan - correct?
What is the notification that we need to send out?

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Flood Compliance
#2183068 - 06/25/18 09:08 PM Re: Flood Insurance notification - Loan renewal Tessie
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 79,633
Galveston, TX
Notice of Special Flood Hazards and Availability of Federal Disaster Relief Assistance

The same one as you do when making a new loan
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2183120 - 06/26/18 01:40 PM Re: Flood Insurance notification - Loan renewal Tessie
Tessie Offline
100 Club
Joined: Jan 2006
Posts: 155
So we can give him a copy of the one we used when we did the loan five years ago?

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#2183121 - 06/26/18 01:42 PM Re: Flood Insurance notification - Loan renewal Tessie
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 79,633
Galveston, TX
If you have validated that the flood maps have not changed - sure.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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