Home › Forums › Flood Disaster Protection Act › Extending a loan › Re: Extending a loan
August 12, 2011 at 8:52 pm
#2807
Keymaster
Generally, a creditor is required to obtain a flood hazard determination each it makes, increases, renews or extends a loan. However if the original determination is less than seven years old and the flood maps and zones have not changed the creditor may rely on the original determination.