Opinions on the ability for the bank to drop flood insurance on collateral that has been deeded over to the bank as part of a workout loan?

I'm thinking we are fine.

You mean you now have the property in the bank's OREO? Not required, but not protecting the bank's asset through available insurance is probably pretty foolish.

Correct, the property is now OREO. As to the foolishness of such a decision, I'm the CO and I leave foolery to management and credit.



Thanks for the response.