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#669099 - 01/19/07 09:20 PM Flood Insurance Determination
Floridian Offline
Member
Joined: Jul 2004
Posts: 56
In reviewing some loan files we found instances where the flood determination was completed a few days after the loan closed. How serious is this violation?
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Lending Compliance
#669110 - 01/19/07 09:27 PM Re: Flood Insurance Determination Floridian
Skittles Online
10K Club
Skittles
Joined: Sep 2002
Posts: 13,965
TN
$385 fine per loan. Hopefully none of these were located in special flood hazard areas. Then you have more problems.
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