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Can all borrowers have high flood deductibles

Will examiners be looking for detailed procedures on how we evaluate high deductibles?

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 it’s own guidance parameters to ensure the borrower can financially cover the deductible.
Learn more about Andy Zavoina’s webinar Annual LENDING Compliance Recap

First published on 01/05/2020

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