A pre-closing checklist raises a Flood Insurance Requirements question for a training manager. What answer should guide the file?
Correct Answer
A) Use the flood determination before making the loan
Flood insurance is required for designated loans secured by buildings in special flood hazard areas. The best answer is "Use the flood determination before making the loan".
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 "Use the flood determination before making the loan".
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