Special Flood Hazard Notice

Our collections dept has a tendency to "bump" the maturity date on loans that are in the process of renewal to get them off the past due report (am I the only one that thinks this is wrong?). My main question deals with flood. Since they are modifying the maturity date, shouldn't they review the flood cert in file to make sure it meets the 3 criteria (LT 7 years old, etc.) and issue a new Notice to Borrower if the property is in a designated flood zone?
Thanks in advance for your responses.

Assuming the process is as you describe it, you are not the only one who thinks the intentional misreporting of Call Report data is a bad idea.

As for the flood question, you are technically required to provide a new notice if you extend the note or payments in any manner.