New FL Determination for Assumption

Posted By: HRH Okie Banker

New FL Determination for Assumption - 06/22/18 09:39 PM

Loan Assumption from "Mr. Smith Trust" to "Mr. & Mrs. Smith Trust". Would a new flood determination need to be done? I question whether the "Make" in MIRE would include an assumption to a new borrower. Thanks in advance.
Posted By: rlcarey

Re: New FL Determination for Assumption - 06/22/18 10:13 PM

No guidance - what is it going to hurt?