October 22, 2012 at 5:22 pm EDT
#2998
Guest
I agree with JGo9 on this. In the NFIP’s Mandatory Purchase fo Flood Guidelines, it states on page 5; paragraph d, Insurance Required at Closing it states: A designated loan must have flood insurance as a condition of closing. Also: Closing a loan without the insuance is a violation. We know that the loan is closed when they sign the doc’s.