02/14/2021
Is it true that the NFIP will only pay out if the borrower has hazard insurance in place on the property? Our bank's practice is to get hazard insurance at closing, but doesn't monitor for it after that. If the hazard insurance policy has expired and there is a flood, will the NFIP pay out?
02/07/2021
Is redlining real? It seems to be an antiquated type of violation.
01/31/2021
Why am I concerned with the FDCPA since it applies to third party collectors?
01/24/2021
Written Permission to Access Credit Reports Required
12/13/2020
Approximately 2 years ago the rules changed to address structures that are not used for residential purposes not needing flood insurance. Are you saying that those structures ARE required to be insured?
12/06/2020
In a zone change scenario, does the escrow requirement apply to residential improved real estate or mobile home that went into a special flood hazard area?
11/29/2020
When the building is a 1-4 family used as a vacation rental, has a transient license, and is rented nightly and weekly to generate income, should we consider residential or non-residential maximum limits?
11/22/2020
Do the flood regulations differ for SBA or Conventional loans?
11/15/2020
When assets inside the building also secure the loan, such as through a business security agreement, how often must we review the value of those contents to ensure sufficient contents coverage? What if there are no contents only other non-insurable assets, can we document the file to show no assets are insurable and not require contents coverage
11/08/2020
If we are renewing, extending or increasing a loan do we need to do a new flood determination? Can it be recertified?
