Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

WHAT HAPPENS WHEN A PROPERTY IS PLACED IN A SPECIAL FLOOD HAZARD AREA (100-YEAR FLOODPLAIN)?

April 26, 2017area flood floodplain happens hazard Placed Property special

0

Posted

WHAT HAPPENS WHEN A PROPERTY IS PLACED IN A SPECIAL FLOOD HAZARD AREA (100-YEAR FLOODPLAIN)?

1 Answer

0

Posted

If a FIRM indicates a building is now located in a SFHA (an “A Zone”), flood insurance is required if the property owner carries a mortgage, loan, or note from a federally-regulated lender.