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#2268214 - 03/25/22 03:12 PM Partial Zone- no structures within
RegTalk Offline
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Joined: Dec 2020
Posts: 65
For a partial zone, that do not have a structure within the partial zone, are we required to disclose & have a signed SFHD on file?

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Flood Compliance
#2268215 - 03/25/22 03:14 PM Re: Partial Zone- no structures within RegTalk
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,371
Galveston, TX
A SFHD is neither signed nor is it a disclosure - so I am unsure of your question.
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#2268218 - 03/25/22 03:35 PM Re: Partial Zone- no structures within rlcarey
RegTalk Offline
Member
Joined: Dec 2020
Posts: 65
Sorry- I am referring to the Notice to borrower of flood area.

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#2268223 - 03/25/22 03:55 PM Re: Partial Zone- no structures within RegTalk
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,371
Galveston, TX
208.25(i) Notice of special flood hazards and availability of Federal disaster relief assistance. When a member bank makes, increases, extends, or renews a loan secured by a building or a mobile home located or to be located in a special flood hazard area, the bank shall mail or deliver a written notice to the borrower and to the servicer in all cases whether or not flood insurance is available under the Act for the collateral securing the 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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