Skip to content

Timeframe to Provide Flood Insurance Follow Up

Answered by: 

Question: 
There was a question: <a href="http://www.bankersonline.com/lending/guru2009/gurus_ldng090709d.html">Timeframe to Provide Flood Insurance</a>, regarding a loan that fell into a flood zone as a result of a mapping change. The guru responded, "You need to send the borrower the Notice of Special Flood Hazard..." I could not find where this was a requirement in FEMA, any ideas? It does not fall under the Make, Renew, Extend or Increase criteria for a flood notice.
Answer: 

See 339.7. Also see the "tripwires" on page 54 of the Mandatory Purchase of Flood Insurance Guidelines.

First published on BankersOnline.com 12/07/09

First published on 12/07/2009

Filed under: 
Filed under lending as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics