A borrower scenario raises a question about flood-insurance requirements. Which answer should Frankie rely on?
Correct Answer
A) Force place coverage only after required notice if needed
Flood insurance is required for designated loans secured by buildings in special flood hazard areas. The best answer is "Force place coverage only after required notice if needed".
Why This Is the Correct Answer
Flood insurance is required for designated loans secured by buildings in special flood hazard areas. The best answer is "Force place coverage only after required notice if needed".
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