Do I need a separate flood determination for each note that I have with my borrower if each note is secured by the same property, different mortgage, and assume the maps have not changed since the first determination? (I believe this answer is yes assuming the typical example of a first mortgage residential loan and a subsequent HELOC). What if I have multiple notes secured by the same mortgage, do I need a separate flood determination for each note? Finally, what's the magic of "7 years" from the date of the last determination? We use Banker's System's Flood Wiz for determinations and they track until you notify them that you have been paid off.

Click here , scroll to question #4 in section V.