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#2196796 - 10/30/18 03:16 PM Flood insurance short
liventhedream Offline
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Joined: Mar 2006
Posts: 193
Checking my logic, bank sends customer 45 day notice for flood insurance, customer sends in policy for $27 under the required amount on the 45 day. Should the bank not accept that policy and force place flood insurance on the full amount? If so, were can I find documentation to support this theory?

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Flood Compliance
#2196835 - 10/30/18 06:29 PM Re: Flood insurance short liventhedream
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,227
Galveston, TX
Did you tell them how much they need in the 45 day letter and they bought it for $27 less? They can only buy in increments of $100 - so if you told them $100,127 and they bought $100,100 - it might be a communication problem.

I would probably accept it and tell them to make a payment.
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