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LOMA

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  • #5280
    compdud
    Participant

    We had to force place flood insurance on a borrower but then we received notification of a LOMA. My question is what date do we use when cancelling the force-placed policy? Is it the date we are notified of the change or the date of the LOMA itself? There is a difference of about 16 days from one date to the other.

    #5296
    rcooper
    Keymaster

    I would cancel as of the effective date of the LOMA.

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