Flood Escrow Exemption Flowchart

$25.00

The Flood Escrow Exemption Flowchart helps determine if the flood escrow requirements will apply to a specific transaction or if that transaction will be exempt from the requirement to escrow for flood insurance. The revised flood rules were generally effective as of October 1, 2015, but escrow requirements for flood insurance premiums and revisions to the Flood Hazard Notice are effective January 1, 2016.

Description

Flowcharts provide an easy method to determine whether particular regulatory requirements apply to a specific transaction. Through a series of questions, the Flood Escrow Exemption Flowchart helps determine if the flood escrow requirements will apply to a specific transaction or if that transaction will be exempt from the requirement to escrow for flood insurance.

 

 

Reviewed 09.01.2020

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