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#2243955 - 10/13/20 02:21 PM Flood Notice on Loan Renewals
Comply Central Offline
Member
Joined: Aug 2018
Posts: 92
I understand we must provide the Flood Notice to the borrowers at each renewal, but are we required to wait the ten days before the loan can renew? The Flood Insurance is already in place at the time of maturity.

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Flood Compliance
#2243956 - 10/13/20 02:32 PM Re: Flood Notice on Loan Renewals Comply Central
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,396
Galveston, TX
Really going to come down to your regulator's expectations. They seem to have different views on what a "reasonable period of time" might be. Call your EIC.
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#2243957 - 10/13/20 02:45 PM Re: Flood Notice on Loan Renewals rlcarey
Comply Central Offline
Member
Joined: Aug 2018
Posts: 92
Thank you!

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