Before the team acts on a servicing handoff check, a policy analyst must address Flood Disaster Protection Act. Which response is most defensible?
Correct Answer
A) 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".
More Federal Laws Questions
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