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When will we have to comply with the new flood insurance disclosure language in the RESPA Servicing Disclosure Statement and the Notice of Special Flood Hazard "Notice of Special Flood Hazards and Availability of Federal Disaster Relief Assistance?" Our...
Started by 2old2care on
, 22 posts
by 11 people.
Answer Snippets (Read the full thread at bankersonline):
New Required Flood Insurance Disclosure Language
The Flood Disaster Protection Act (FDPA) requires federally regulated lenders to ensure that adequate flood insurance coverage; FAMCs flood....
Of status.
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Is federal flood insurance required for a non-conforming loan from the bank?
Started by senzualsindhique on
, 6 posts
by 6 people.
Answer Snippets (Read the full thread at yahoo):
Without flood insurance (and ....
The shorter chartered banks are required to impose the flood insurance requirement.
Of such insurance depends on whether the location is in a 50, 100 or 500 year flood zone.
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We have a property that our flood company states is in a flood zone. The customer obtained flood insurance. The renewal determination that was pulled by the insurance agent says the property is not in a flood zone. (Flood insurance was renewed though....
Started by GenerousLife on
, 4 posts
by 3 people.
Answer Snippets (Read the full thread at bankersonline):
If you search the Flood Compliance forum using +flood +zone +discrepancy as....
If they still say it's in a flood zone you need to go by what they indicate on the determination.
In a flod zone you can submit it to them for a re-check .
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What is the average price for homeowners and flood insurance in Port Charlotte, fl? I am in the process of purchasing a home in the 33948 area.
Started by Dawnvecc on
, 6 posts
by 6 people.
Answer Snippets (Read the full thread at trulia):
Of the home you are looking at and it will give you the flood rating, range of rates and insurance companies, whether you are in a flood zone and your deductible- your Homeowner's Insurance may range from about $850-to about....
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Hi, I have a question about force placed flood insurance. I searched several of the previous topics but I could not find the answer. It might be buried in all the posts.
I have a property that we have had forceplaced flood insurance on for about 3 years...
Started by loriyoung on
, 6 posts
by 3 people.
Answer Snippets (Read the full thread at bankersonline):
Private flood insurance is discussed beginning....
The premium must be paid in full, in advance, before the policy becomes affective .
I have never seen a flood insurance policy that meets NFIP requirements that is a month to month.
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We have a loan that is set up on escrow customer was not in flood zone at time of closing. FEMA did a map change and they are now in a flood zone. how do i add it to escrow? do i have to redisclose?
Started by nikki_compliance on
, 6 posts
by 4 people.
Answer Snippets (Read the full thread at bankersonline):
You can't set up the escrow for flood insurance until you have the annual actually have current flood....
Be found in the mandatory purchase of flood insurance guidelines on the FEMA website we place the insurance.
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Hi,
I was driving home last night and drove into a deep flood water puddle (lake) the car was stranded and I had to get towed home. There is still not a peep out of it today.
I have not yet had it assessed by a garage but if I do what are the implications...
Started by Jikan on
, 7 posts
by 6 people.
Answer Snippets (Read the full thread at askaboutmoney):
Hi I have just night and drove into a deep... .
That would include condition of tyres, brakes, steering etc.
Drove my car into a flood yesterday evening and my engin is full of water I have insurance fully comp before you hit the flood.
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I am told by several compliance knowledgeable people that in a recent Flood seminar, a FEMA representaive stated that ACV (Actual Cash Value) rather than RCV (Replacement Cost Value) is to be used for vacation or rental homes as the insurable value. Where...
Started by query queen on
, 5 posts
by 4 people.
Answer Snippets (Read the full thread at bankersonline):
Third, the dwelling must Flood Insurance (Agent....
All others may fall below 80% insurance to value at the time of the flood loss.
Flood insurance only pays on RCV values on owner-occupied residential properties.
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I heard on radio 4 (I know, but I am a grumpy old man) that the insurance companies are today, issuing a list of constituencies that will not be able to get insurance against flooding.
It may be worth finding out if you are listed as I was once told that...
Started by steelemonkey on
, 9 posts
by 8 people.
Answer Snippets (Read the full thread at yorkshire-divers):
Digs, what's the point in....
Sensible flood risk mapping approach would make far too much sense to be used by an insurance company to be those around the flood plains of the big rivers that we've seen flooded in recent years.
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At the bottom of my garden, maybe 30 metres from my house, is a small drainage dyke. The water is about 4 - 6 inches deep but sits in the bottom of a cutting about 4 feet deep. It has been there since my house was built in 1953. In all that time it has...
Started by Speck1965 on
, 6 posts
by 2 people.
Answer Snippets (Read the full thread at consumeractiongroup):
So I am not sure whether you are declaring something unnecessarily... .
Just as a little aside, I received a leaflet from Post Office Insurance that said " We guarantee', as it is not part of river or stream and I presume no coastal flood risk.
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