Following the MIRE notice rule

Answered by:

Question:

If we modify a loan that we are servicing and it is already in a Special Flood Hazard Area, do we have to provide another flood notification?

Answer:

Yes. You must provide a new flood notice every time you make, increase, renew or extend a loan.
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Learn more about Jerod Moyer and David Dickinson’s webinar
Part II - Flood Insurance Compliance - A Two-Part Companion Webinar Series