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Can all borrowers have high flood deductibles

Question: 
Will examiners be looking for detailed procedures on how we evaluate high flood deductibles?
Answer: 

They may well be looking at this, especially if a series of loans with high deductibles draws their attention. The Q&A simply suggests that it’s not prudent to simply allow everyone to max out the deductible. The bank should have its own guidance parameters to ensure the borrower can financially cover the deductible.
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First published on 12/10/2017

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