Flood Responsibility for Non Lead Bank

Posted By: Anonymous

Flood Responsibility for Non Lead Bank - 05/31/18 03:31 PM

What is the responsibility of a participating bank (not lead) where the collateral is in a flood zone?

Is it more than just ensuring there is flood insurance on a property?

How about Private Flood Insurance?

Thank You
Posted By: Compliance NABW

Re: Flood Responsibility for Non Lead Bank - 06/01/18 09:36 PM

This is still valid:

https://www.bankersonline.com/forum/ubbt...in-a-flood-zone
Posted By: HRH Okie Banker

Re: Flood Responsibility for Non Lead Bank - 03/19/20 04:41 PM

Thankful for BOL and the search function.