When Must the Borrower Sign the Flood Determination Disclosure?
Question: We obtain Flood Determination Reports from a vendor. Once we are notified that a property is in a flood zone, how soon should the form be signed? Can it be signed at time of closing? Answer: Please see the reference from the FDIC below. Reference: FDIC PDF Pages 9 & 10https://www.fdic.gov/regulations/compliance/manual/5/v-6.1.pdf Notice of Special […]