ASFMRA Annual Meeting October 28, 2009. Appraisers, Lenders, and Flood Insurance. Appraisers, Lenders, Flood Insurance. Federally regulated lenders are subject to requirements of the National Flood Insurance Program (‘NFIP’). FEMA clarified it’s flood insurance guidelines in 2007.
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Appraisers, Lenders, and Flood Insurance
FEMA Flood Hazard Zone Designations
FEMA regulations stipulate it’s the lesser of:
Bottom line – What’s on your subject property?
Be certain about buildings and flood hazard areas
before a landowner has to insure or demolish this…