Hello,
We are having a internal talks with our business units and they are asking some interesting questions.
Here are the three questions arising from our discussions:
(1) Is a judgment lien (involuntary lien in contrast to voluntary mortgage lien) on real estate a Reg H trigger (e.g. judgment lien on real estate in a flood zone for an otherwise unsecured loan)?
(2) Does a payment plan for a loan in payment default/collection (without modification of the loan documents) constitute a MIRE event requiring new flood review?
(3) Does reinstatement of a loan (reinstating after acceleration of the indebtedness following a default) constitute a MIRE event requiring new flood review?
Any help would be appreciated!