It wouldn't be a designated loan as we work with daily, but if there is a risk to a bank asset, it should be mitigated. I don't have a cite, but remember what we tell customers, "Flooding for structures in a SFHA is much higher than the risk of fire. Over the life of a 30-year mortgage, a property located in a SFHA has a 26 percent chance of being flooded, compared with a one percent chance of a loss caused by fire."
My opinions are not necessarily my employers.
Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell