Posted By: Patricia
"hypothecation Agreement" - 10/03/12 08:29 PM
Bank policy is to obtain a new Flood Determination on all renewals for commercial loans with RE as collateral. I am looking at a Commercial RE loan and the bank took a Hypothecation Agr for a commercial bldg. My question is does the RE taken as collateral in the hypothecation Agreeement trigger the bank to obtain a new determination?