Our bank is doing a floor plan loan to a business that deals with selling mobile homes in a couple of different locations. They basically purchase the used mobile home and sit it on one of hte dealer lots to be re-sold. Do we need a flood determination for the dealer lots?

The loans will be secured by the mobile homes they "floor". I believe they will be just sitting on blocks and not affixed to a permanent foundation. My initial response was to go ahead and pull determinations. However, after I pondered on it some more, I think that they may not be needed.

Would have sworn I responded to this the other day.

Click here


Not sure if anyone ever got an opinion from FEMA or not.

Not needed. At that stage, these are sitting like cars in a lot.