How could another flood zone determination company, using the same flood map, reach a different conclusion about the flood zone?
Differing interpretations of the flood map may occur from time-to-time, especially in areas where the flood map does not include details or for properties near the edge of the Special Flood Hazard Area. The specific location of the building is fundamental to the flood zone determination; thus, a few feet difference in a buildings location can result in a different conclusion on the Standard Flood Hazard Determination Form. When a discrepancy in flood zone determinations occurs between flood compliance vendors, the lending institution can request that the companies review their work, which hopefully leads to a consensus. In some cases, the vendors may be able to provide a flood map exhibit showing how they reached their conclusion. If the matter cannot be resolved, then the borrower and lender may elect to pursue a Lender Determination Review, if appropriate.
Related Questions
- What if there is information in the loan file, such as a survey, which has a different flood zone than on the flood determination?
- How could another flood zone determination company, using the same flood map, reach a different conclusion about the flood zone?
- What are the different flood hazard zone designations shown on a Flood Insurance Rate Map (FRIM), and what do they mean?
