Andy is correct, as usual. You do not have to escrow based on a portfolio classification, only on a loan by loan basis.
Last edited by dpersfull; 09/16/02 06:00 PM.
If your bank policy requires you to escrow for those loans, then you would have to escrow for flood insurance if necessary.
Bottom line, if you escrow for a specific RE loan then you must escrow for flood insurance if it is required.
The opinions expressed are mine and they are not to be taken as legal advice.