Property OwnershipEnvironmentalMEDIUM
A Kentucky property located in a FEMA-designated flood zone requires:
Correct Answer
B) Flood insurance if the mortgage is federally backed or regulated
Properties in FEMA Special Flood Hazard Areas with federally backed or regulated mortgages must carry flood insurance under the National Flood Insurance Program (NFIP). Kentucky has significant flood risk areas along the Ohio, Kentucky, and other river corridors.
Answer Options
A
No special requirementsB
Flood insurance if the mortgage is federally backed or regulatedC
Seller to build a leveeD
KREC approval for the saleWhy This Is the Correct Answer
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Why the Other Options Are Wrong
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Related Topics & Key Terms
Related Topics:
FEMA Special Flood Hazard AreasNational Flood Insurance Program (NFIP)Flood Insurance Rate Maps (FIRMs)Federally backed mortgagesEnvironmental disclosures
Key Terms:
FEMA flood zoneNFIPflood insuranceSpecial Flood Hazard Areafederally backed mortgage
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