What if there is information in the loan file, such as a survey, which has a different flood zone than on the flood determination?
The federal regulations specify that the lending institution has the ultimate responsibility to require flood insurance when applicable; thus it behooves the lender to review the flood determination along with any other loan documentation and to contact First American with any conflicting information. When this occurs, we will review the flood determination to confirm the propertys flood zone. Please also provide us with any conflicting documents, so we can respond directly to this information. Back to Top 11.
Related Questions
- can a flood zone certification company examine a lenders existing loan portfolio for free or at a reduced rate, in exchange for the lender sending the company future business?
- 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?
