Alex is reviewing a mortgage file involving flood-insurance requirements. Which response best follows the governing rule?
Correct Answer
C) Require flood insurance when the property is in an SFHA
Flood insurance is required for designated loans secured by buildings in special flood hazard areas. The best answer is "Require flood insurance when the property is in an SFHA".
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 "Require flood insurance when the property is in an SFHA".
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