[Ryan31]

Do we have to pull a certificate 10 days prior to the loan closing date? Does the Flood certificate have to include the Borrower’s name and Loan account number?

[jholzknecht]

The Flood Hazard Notice (FHN) must be provided a reasonable time before completion of the transaction. The FHN is based on the flood hazard determination, so the determination must also be obtained a reasonable time before completion of the transaction. The regulation used to contain a 10-day standard, but that was replaced with a “reasonable time before completion of the transaction” requirement years ago.

The standard Flood Hazard Determination form does not include the borrower’s naame or account number.

Thanks for particpating in the Forum.

[Anonymous]

Regarding the flood insurance, for which we are presently escrowing – we will have the funds on hand to pay the annual premium, will it be necessary to send the required flood notification letters beginning 45 days prior to expiration? MK

[jholzknecht]

The 45 day notice is sent when the insurance expires, but since you have an adequate escrow the premium will be paid and no notice will be required.

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