Force-Placed Flood Insurance — Myths, Confusion, and Today's Reality
Force-Placed Flood Insurance — Myths, Confusion, and Today’s Reality

 

This white paper will describe the common issues that loan servicers are experiencing since the implementation of both Biggert-Waters and the Homeowner Flood Insurance Affordability Act with regard to force-placed flood insurance.

When you download and read this white paper, you will be able to:

• Understand how to sort through the conflicting regulations

 

• Learn the “conservative” approach to flood notifications

 

• Determine what to say to a borrower who’s property has been remapped

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